Document:

Exhibit
      10.4

     

    BEACON
      POWER CORPORATION

     

    Restricted
      Stock Unit and Option Agreement

     

    This
      Restricted Stock Unit and Option Agreement (this “Agreement”),
      dated
      as of February 14, 2008 (the “Effective
      Date”),
      is by
      and between Beacon Power Corporation (the “Company”)
      and F.
      William Capp (“Executive”),
      an
      executive officer of the Company.

     

    WHEREAS,
      this Agreement is intended to provide Executive compensation in the form of
      restricted stock units (or “RSUs”)
      that
      convert into shares of the Company’s common stock, $.01 par value per share (the
“Common
      Stock”);
      

     

    WHEREAS,
      this Agreement is also intended to provide Executive with a non-qualified stock
      option to purchase shares of the Common Stock pursuant to the terms and
      conditions set forth herein;

     

    NOW
      THEREFORE, it is agreed as follows:

     

    ARTICLE
      I. RESTRICTED
      STOCK UNIT AWARD

     

    1.1 Restricted
      Stock Unit Award.
      Subject
      to the terms and conditions of this Agreement and pursuant to the Company’s
      Third Amended and Restated 1998 Stock Incentive Plan (the “Plan”),
      the
      Company hereafter will grant RSUs to Executive in accordance with the vesting
      table set forth below. On each vesting date set forth below (each a
“Vesting
      Date”),
      the
      Company shall be considered to have awarded RSUs in the indicated amount to
      the
      Executive. 

    

      
        	
                %
                  of total RSUs Vested

              	 	
                Vesting
                  Date

              	 	
                RSUs
                  Vesting

                on
                  Vesting Date

              	 	
                Total
                  RSUs Vested 

                to
                  Date

              
	
                8.33%

              	 	
                March
                  31, 2008

              	 	
                2,695

              	 	
                2,695

              
	
                8.33%

              	 	
                June
                  30, 2008

              	 	
                2,695

              	 	
                5,390

              
	
                8.33%

              	 	
                September
                  30, 2008

              	 	
                2,695

              	 	
                8,085

              
	
                8.33%

              	 	
                December
                  31, 2008

              	 	
                2,695

              	 	
                10,780

              
	
                8.33%

              	 	
                March
                  31, 2009

              	 	
                2,695

              	 	
                13,475

              
	
                8.33%

              	 	
                June
                  30, 2009

              	 	
                2,695

              	 	
                16,170

              
	
                8.33%

              	 	
                September
                  30, 2009

              	 	
                2,695

              	 	
                18,865

              
	
                8.33%

              	 	
                December
                  31, 2009

              	 	
                2,695

              	 	
                21,560

              
	
                8.33%

              	 	
                March
                  31, 2010

              	 	
                2,695

              	 	
                24,255

              
	
                8.33%

              	 	
                June
                  30, 2010

              	 	
                2,695

              	 	
                26,950

              
	
                8.33%

              	 	
                September
                  30, 2010

              	 	
                2,695

              	 	
                29,645

              
	
                8.37%

              	 	
                December
                  31, 2010

              	 	
                2,705

              	 	
                32,350

              

      

    

     

    1.2 Conversion
      to Common Stock.
      Each
      vested RSU shall convert into one (1) share of Common Stock on the applicable
      Vesting Date; provided, that, if the applicable Vesting Date occurs during
      a
      period in which Executive is (a) subject to a lock-up agreement restricting
      Executive’s ability to sell Common Stock in the open market, (b) restricted from
      selling Common Stock in the open market because a trading window is not
      available, in the opinion of Company, or (c) trading is otherwise not
      appropriate, in the reasonable and good faith opinion of Company, such
      conversion of vested RSUs into shares of Common Stock shall be delayed until
      the
      date immediately following the expiration of the lock-up agreement or the
      opening of a trading window or confirmation by Company that trading is
      appropriate, as the case may be.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      II. NON-QUALIFIED
      STOCK OPTION GRANT

     

    2.1 Grant
      of Option.
      The
      Company hereby grants Executive an option (the “Option”)
      to
      purchase, as a whole or in part, on the terms provided herein and in the Plan
      the shares (the “Shares”)
      of
      Common Stock at an exercise price per share, as set forth below:

    

    
      	
              Shares:

            	 	
              Exercise
                Price:

            	 
	
              291,279

            	 	
              $

            	
              1.25

            	 

    

    

    Unless
      earlier terminated, the Option shall expire one day before its 10th anniversary
      (the “Final
      Exercise Date”).
      It is
      intended that the Option shall be a non-qualified stock option.

    

    2.2 Vesting
      Schedule.
      Subject
      to the other terms of this Agreement regarding the exercisability of the Option,
      the Shares shall vest and become exercisable, as follows; provided, however,
      that as of each relevant Vesting Date, Executive’s employment with the Company
      has not terminated:

    

    

      
        	
                %
                  of total Shares Vested

              	 	
                Vesting
                  Date

              	 	
                Shares
                  Vesting

                on
                  Vesting Date

              	 	
                Total
                  Shares Vested 

                to
                  Date

              
	
                8.33%

              	 	
                March
                  31, 2008

              	 	
                24,264

              	 	
                24,264

              
	
                8.33%

              	 	
                June
                  30, 2008

              	 	
                24,264

              	 	
                48,528

              
	
                8.33%

              	 	
                September
                  30, 2008

              	 	
                24,264

              	 	
                72,792

              
	
                8.33%

              	 	
                December
                  31, 2008

              	 	
                24,264

              	 	
                97,056

              
	
                8.33%

              	 	
                March
                  31, 2009

              	 	
                24,264

              	 	
                121,320

              
	
                8.33%

              	 	
                June
                  30, 2009

              	 	
                24,264

              	 	
                145,584

              
	
                8.33%

              	 	
                September
                  30, 2009

              	 	
                24,264

              	 	
                169,848

              
	
                8.33%

              	 	
                December
                  31, 2009

              	 	
                24,264

              	 	
                194,112

              
	
                8.33%

              	 	
                March
                  31, 2010

              	 	
                24,264

              	 	
                218,376

              
	
                8.33%

              	 	
                June
                  30, 2010

              	 	
                24,264

              	 	
                242,640

              
	
                8.33%

              	 	
                September
                  30, 2010

              	 	
                24,264

              	 	
                266,904

              
	
                8.37%

              	 	
                December
                  31, 2010

              	 	
                24,375

              	 	
                291,279

              

      

    

    

    The
      right
      of exercise shall be cumulative so that to the extent the Option is not
      exercised in any period to the maximum extent permissible it shall continue
      to
      be exercisable, as a whole or in part, with respect to all Shares for which
      it
      is vested until the earlier of the Final Exercise Date or the termination of
      the
      Option under this Agreement or the Plan.

    

    2.3 Exercise
      of Option.

    

    (a) Form
      of Exercise.
      Each
      election to exercise the Option shall be in writing, signed by Executive, and
      received by the Company at its principal office, accompanied by a copy of this
      Agreement and by payment in
      full
      as provided below. Executive may purchase less than the number of Shares covered
      by the Option, provided that no partial exercise of the Option may be for any
      fractional share or for fewer than 100 whole shares of Common Stock. Payment
      shall be as follows:

    

    (i) in
      cash
      or by check, payable to the order of the
      Company;

    

    (ii) in
      the
      sole discretion of the authorized administrator of the Plan, (A) delivery of
      an
      irrevocable and unconditional undertaking by a creditworthy broker to deliver
      promptly to the Company sufficient funds to pay the exercise price or (B)
      delivery by Executive to the Company of a copy of irrevocable and unconditional
      instructions to a creditworthy broker to deliver promptly to the Company cash
      or
      a check sufficient to pay the exercise price;

    

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

     

    (iii) delivery
      of shares of Common Stock owned by Executive valued at fair market value, as
      determined in the sole discretion of the board of directors of the Company,
      which Common Stock was owned by Executive at least six months prior to such
      delivery;

    

    (iv) to
      the
      extent permitted by the authorized administrator of the Plan, in its sole
      discretion, by payment of such other lawful consideration as the authorized
      administrator of the Plan may determine; or

    

    (v) any
      combination of the above permitted forms of payment.

    

    A
      certificate or certificates for the Shares purchased shall be issued by the
      Company after the exercise of the Option and payment therefor, including the
      provision for any federal and state withholding taxes, and other applicable
      employment taxes.

    

    (b) Continuous
      Relationship with the Company Required.
      Except
      as otherwise provided in Article III, the Option may not be exercised unless
      Executive, at the time he exercises the Option, is, and has been at all times
      since the Effective Date, an employee of the Company or any parent or subsidiary
      of the Company as defined in Section 424(e) or (f) of the Internal Revenue
      Code
      of 1986, as amended (the “Code”).

    

    ARTICLE
      III. TERMINATION
      OF EMPLOYMENT

     

    3.1 Termination
      of Employment.
       

     

    (a)
       General.
      Except
      as indicated below in (b), if Executive terminates his employment for any
      reason, including by resignation, or if the Company terminates his employment
      with or without a Breach of Conduct (as defined below), Executive may retain
      all
      RSUs and Shares underlying the Option that have vested before the Termination
      Notice Date (as defined below). However, he will not be entitled to receive
      and
      shall forfeit any interest in RSUs and Shares underlying the Option that are
      scheduled to be vested after the Termination Notice Date.

     

    The
      “Termination
      Notice Date”
means
      the date on which Executive resigns (or if earlier, the date on which Executive
      notifies Company that Executive will resign), or the date on which Company
      terminates the employment for or without a Breach of Conduct (or if earlier,
      the
      date on which the Company notifies Executive that employment will be so
      terminated). 

     

    (b) Special
      Rules for Options.
      In the
      case of termination of employment by reason of death, disability (as defined
      under the Executive's employment agreement), resignation or without Breach
      of
      Conduct, the vested Shares underlying the Option will expire if not exercised
      within 365 days after the Termination Notice Date. In the case of termination
      of
      employment for Breach of Conduct, all vested Shares underlying the Option will
      expire immediately on the written declaration of the authorized administrator
      of
      the Plan.

     

    Such
      declaration shall be communicated in writing to Executive. In addition, the
      Company may, in its sole discretion, by written notice, demand that any or
      all
      stock certificates for Shares acquired pursuant to the exercise of the Option,
      or any profit realized from the sale or transfer of such Shares, be returned
      to
      the Company within five days of receipt of such notice, and any exercise price
      paid by Executive shall be returned to Executive by the Company immediately
      thereafter, without interest. The Company shall be entitled to reimbursement
      of
      reasonable attorney fees and expenses incurred in seeking to enforce its rights
      under this paragraph.

    

    “Breach
      of Conduct”
shall
      mean activities which constitute a serious breach of conduct that, only if
      possible to cure as determined by the authorized administrator of the Plan
      in
      its sole discretion, is not cured within 30 days after receipt of written notice
      to Executive, including, but not limited to: (i) the disclosure or misuse of
      confidential information, trade secrets or other intellectual property of the
      Company or third parties who have disclosed such information, secrets or
      intellectual property to the Company or a company that controls, is controlled
      by or is under common control with the Company (collectively, an “Affiliate”),
      (ii)
      activities in violation of the policies of the Company or any Affiliate,
      including without limitation, the Company’s insider trading policy; (iii) the
      violation or breach of any material provision in any applicable contract or
      agreement between Executive and the Company (or an Affiliate), including, for
      example, a violation or breach which is grounds for discharge for cause; (iv)
      engaging in conduct relating to Executive’s employment for which either criminal
      or civil penalties have been sought; (v) engaging in activities which adversely
      affect or which are contrary or harmful to the interests of the Company or
      Affiliate, or (vi) in the event that Executive and Company have not signed
      a
      noncompetition agreement (which therefore otherwise would govern issues of
      noncompetition), engaging in competition with the Company or any Affiliate
      or
      soliciting their respective employees or customers on behalf of some other
      entity during employment or within one year following termination of employment
      with the Company or Affiliate. The determination of Breach of Conduct shall
      be
      determined by the authorized administrator of the Plan in good faith and in
      its
      sole discretion.

    

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV. GENERAL
      PROVISIONS

    

    4.1 Acquisition
      Events.
      Upon
      the occurrence of an Acquisition Event (as defined below), or the execution
      by
      the Company of any agreement with respect to an Acquisition Event, the
      authorized administrator of the Plan shall take any one or more of the following
      actions with respect to the RSUs and the Option: (i) provide that the RSUs
      and/or the Option shall be assumed, or equivalent equity compensation shall
      be
      substituted, by the acquiring or succeeding corporation (or an affiliate
      thereof); (ii) upon written notice to Executive, provide that any portion of
      the
      RSUs that are vested but not converted and/or any portion of the Shares
      underlying the Option that are vested but not exercised will become converted
      or
      exercisable, as the case may be, in full as of a specified time (the
“Acceleration
      Time”)
      prior
      to the Acquisition Event and will terminate immediately prior to the
      consummation of such Acquisition Event, except to the extent exercised by
      Executive between the Acceleration Time and the consummation of such Acquisition
      Event; (iii) in the event of an Acquisition Event under the terms of which
      holders of Common Stock will receive upon consummation thereof a cash payment
      for each share of Common Stock surrendered pursuant to such Acquisition Event
      (the “Acquisition
      Price”),
      provide that (A) the unvested RSUs shall terminate upon consummation of such
      Acquisition Event and Executive shall receive, in exchange therefor, a cash
      payment equal to the amount equal to the Acquisition Price multiplied by the
      number of shares of Common Stock subject to such unvested RSUs, (B) the Option
      shall terminate upon consummation of such Acquisition Event and Executive shall
      receive, in exchange therefor, a cash payment equal to the amount (if any)
      by
      which (x) the Acquisition Price multiplied by the number of shares of Common
      Stock subject to the Option (whether or not then convertible or exercisable),
      exceeds (y) the aggregate exercise price of the Option; and (iv) provide that
      the unvested RSUs and/or the Option (A) shall become exercisable, realizable
      or
      vested in full, or shall be free of all conditions or restrictions, as
      applicable to the Option, prior to the consummation of the Acquisition Event,
      or
      (B), if applicable, shall be assumed, or equivalent options shall be
      substituted, by the acquiring or succeeding corporation (or an affiliate
      thereof).

    

    An
      “Acquisition
      Event”
shall
      mean: (a) any merger or consolidation which results in the voting securities
      of
      the Company outstanding immediately prior thereto representing immediately
      thereafter (either by remaining outstanding or by being converted into voting
      securities of the surviving or acquiring entity) less than 50% of the combined
      voting power of the voting securities of the Company or such surviving or
      acquiring entity outstanding immediately after such merger or consolidation;
      (b)
      any sale of all or substantially all of the assets of the Company; or (c) the
      complete liquidation of the Company.

    

    4.2 Acceleration.
      The
      authorized administrator of the Plan may at any time provide that the Option
      shall become immediately exercisable in full or in part, that the Option may
      become exercisable in full or in part or free of some or all restrictions or
      conditions, or otherwise realizable in full or in part, as the case may
      be.

    

    4.3 Golden
      Parachute Payment Excise Tax Protection.
      In
      the
      event that the excise tax imposed by Section 4999 of the Code, (or any successor
      penalty or excise tax subsequently imposed by law) applies to any payments
      or
      benefits specifically paid or conferred only under this Agreement (the
“Excise
      Tax”),
      an
      additional amount shall be paid by the Company to the Executive equal to the
      amount of such Excise Tax (the “Gross
      Up Payment”);
      provided, however in no event shall the aggregate amount payable by the Company
      to Executive for any excise tax imposed by Section 4999 of the Code pursuant
      to
      this Agreement and all other agreements between the Company and Executive exceed
      $250,000. The Company and its advisers shall make the determination of the
      amount of the Gross Up Payment. To the extent that the amount of such Gross
      Up
      Payment exceeds the amount of Excise Tax actually paid by Executive, Executive
      shall promptly pay to the Company such excess amount.

    

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V. TRANSFERABILITY

     

    5.1 Nontransferability
      of Agreement, RSUs and the Option.
      This
      Agreement, the RSUs and the Option may not be sold, assigned, transferred,
      pledged or otherwise encumbered by Executive,
      either
      voluntarily or by operation of law, except by will or the laws of descent and
      distribution. Notwithstanding
      the foregoing, Executive’s transfer to a revocable trust that is solely for the
      benefit of Executive and Executive’s spouse and/or issue during Executive’s
      lifetime and transfer under such trust at Executive’s death to the trust’s
      intended beneficiaries shall not be deemed to be prohibited by the foregoing
      provisions. If any person other than Executive, Executive’s then current spouse,
      and Executive’s issue shall possess a vested interest in such trust during the
      lifetime of Executive, such interest shall not be recognized hereunder as giving
      such person any right to the benefit of any RSUs or the shares of Common Stock
      issuable upon conversion thereof. In such event the RSUs shall revest in
      Executive as if such transfer in trust had not occurred. During the lifetime
      of
      Executive, the RSUs and the Option shall be exercisable only by
      Executive.

     

    ARTICLE
      VI. MISCELLANEOUS

     

    6.1 Provisions
      of the Plan.
      This
      Agreement is subject to the provisions of the Plan, a copy of which Executive
      hereby acknowledges receiving with this Agreement.

    

    6.2 No
      Right to Continued Employment.
      This
      Agreement shall not confer upon Executive any right with respect to continuance
      of employment by the Company, nor shall it interfere in any way with the right
      of the Company to terminate Executive’s employment at any time. 

    

    6.3 No
      Right as Stockholder.
      Executive
      shall
      not be entitled to vote any shares of Common Stock that may be acquired through
      conversion of RSUs or the Shares underlying the Option to Common Stock, shall
      not receive any dividends attributed to such shares of Common Stock, and shall
      have no other rights of a stockholder with respect to the RSUs and/or the Option
      unless and until the Common Stock issuable upon conversion of the RSUs has
      been
      delivered to Executive or the Option is duly exercised by Executive and the
      Common Stock is issued.

    

    6.4 Compliance
      with Law and Regulations.
      This
      Agreement and the obligation of the Company to issue, sell and deliver shares
      of
      Common Stock hereunder shall be subject to all applicable federal and state
      laws, rules and regulations and to such approvals by any government or
      regulatory agency as may be required. The Company shall not be required to
      issue
      or deliver any certificates for Shares or to remove restrictions from shares
      of
      Common Stock previously delivered until (a) the listing of such Shares on any
      stock exchange on which the Shares may then be listed, (b) all conditions have
      been met or removed to the satisfaction of the Company, (c) in the opinion
      of
      the Company’s counsel, all other legal matters in connection with the issuance
      and delivery of such shares have been satisfied, including any applicable
      securities laws and any applicable stock exchange or stock market rules and
      regulations, (d) Executive has executed and delivered to the Company such
      representations or agreements as the Company may consider appropriate to satisfy
      the requirements of any applicable laws, rules or regulations and (e) the
      completion of any registration or qualification of such Shares under any federal
      or state law, or any rule or regulation of any government body which the Company
      shall, in its sole discretion, determine to be necessary or advisable. Moreover,
      the Option and the RSUs may not be exercised or converted to Common Stock if
      its
      exercise or conversion, or the receipt of Shares pursuant thereto, would be
      contrary to applicable law. 

    

    6.5 Adjustment to
      Common Stock.
      In the
      event of any stock split, stock dividend, recapitalization, reorganization,
      merger, consolidation, combination, exchange of shares, liquidation, spin-off
      or
      other similar change in capitalization or event, or any distribution to holders
      of Common Stock other than a normal cash dividend, the number and class of
      securities each RSU shall be convertible into under this Agreement and the
      number of Shares underlying the Option shall be appropriately adjusted by
      Company to the extent the authorized administrator of the Plan shall determine,
      in good faith, that such an adjustment is
      necessary and appropriate. 

    

    
      
        
        

      

      
        -
          5
          -

        
          

        

      

      
        
        

      

    

     

    6.6 Withholding.
      Executive shall pay to Company, or make provision satisfactory to Company for
      payment of, any taxes required by
      law to
      be withheld in connection with this Agreement no later than each Vesting Date
      upon which Company vests RSUs to Executive. No shares of Common Stock will
      be
      issued pursuant to the exercise of the Option unless and until Executive pays
      to
      the Company, or makes provision satisfactory to the Company for payment of,
      any
      federal, state or local withholding taxes required by law to be withheld in
      respect of the Option. Executive may satisfy such tax obligations by delivering
      to Company cash in the form of wire transfer or check and Company may, to the
      extent permitted by law, deduct any such tax obligations from any payment of
      any
      kind otherwise due to Executive. 

    

    6.7 Common
      Stock Reserved.
      Company
      shall at all times during the term of this Agreement reserve and keep available
      such number of shares of Common Stock as will be sufficient to satisfy the
      requirements of this Agreement. 

    

    6.8 Notices.
      Any
      notice hereunder to the Company shall be addressed to Beacon Power Corporation,
      Attn: Compensation Committee, 234 Ballardvale Street, Wilmington, MA 01887,
      and
      any notice hereunder to Executive shall be sent to the address reflected on
      the
      payroll records of the Company, subject to the right of either party to
      designate at any time hereafter in writing some other address.

    

    6.9 Delaware
      Law to Govern.
      This
      Agreement shall be construed and administered in accordance with and governed
      by
      the laws of the State of Delaware (without giving effect to any conflict or
      choice of laws provisions thereof that would cause the application of the
      domestic substantive laws of any other jurisdiction).

    

    6.10 Certain
      Special Rules.
      To
      the
      extent that this Agreement and the grant of the RSUs and the Option hereunder
      become subject to the provisions of Section 409A of the Code, the Company and
      Executive agree that the RSUs and the Option may be amended, modified, rescinded
      or substituted by the Company with an award of comparable economic value as
      required to maintain compliance with the provisions of Section 409A of the
      Code.

    

    6.11 Amendment
      of Agreement.
      Company
      may amend, modify or
      terminate this Agreement, provided that Executive’s consent to such action shall
      be required unless Company determines that the action, taking into account
      any
      related action, would not materially and adversely affect
      Executive.

    

    6.12 Successors
      and Assigns; No Third Party Beneficiaries.
      Except
      as otherwise expressly provided herein, the provisions hereof shall inure to
      the
      benefit of, and be binding upon, the successors, assigns, heirs, executors
      and
      administrators of the parties hereto. There are no third party beneficiaries
      of
      this Agreement. 

    

    6.13 Entire
      Agreement.
      This
      Agreement and the Plan constitute the full and entire understanding and
      agreement of the parties with regard to the RSUs and the Option and supersede
      in
      their entirety all other prior agreements, whether oral or written, with respect
      thereto. 

    

    6.14 Severability;
      Titles and Subtitles; Gender; Singular and Plural; Counterparts;
      Facsimile.

     

    (a) In
      case
      any provision of this Agreement shall be invalid, illegal or unenforceable,
      the
      validity, legality and enforceability of the remaining provisions of this
      Agreement shall not in any way be affected or impaired thereby.

     

    (b) The
      titles of the sections and subsections of this Agreement are for convenience
      of
      reference only and are not to be considered in construing this
      Agreement.

     

    (c) The
      use
      of any gender in this Agreement shall be deemed to include the other genders,
      and the use of the singular in this Agreement shall be deemed to include the
      plural (and vice versa), wherever appropriate.

     

    (d) This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      an original, but all of which together constitute one instrument.

     

    (e) Counterparts
      of this Agreement (or applicable signature pages hereof) that are manually
      signed and delivered by facsimile transmission shall be deemed to constitute
      signed original counterparts hereof and shall bind the parties signing and
      delivering in such manner.

     

    
      
        
        

      

      
        - 6
          -

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as a sealed instrument
      as of the Effective Date.

    

      
        	
                EXECUTIVE: 

              	
                 

              	
                BEACON
                  POWER CORPORATION 

              
	 	 	 
	
                By:

              	
                /s/
                  F. William Capp

              	
                 

              	
                By:

              	
                /s/
                  Jack P. Smith

              
	
                 

              	
                Signature 

              	
                 

              	
                 

              	
                Signature 

              
	 	 	 	 	 
	
                Name: F.
                  William Capp 

              	
                 

              	
                Name:
                  Jack
                  P. Smith

              
	 	 	 	 	 
	
                Address: 

              	
                 

              	
                Title: 
                  Chairman,
                  Compensation Committee

              

      

    

     

    
      
        
        

      

      
        - 7
          -Exhibit
      10.5

     

    BEACON
      POWER CORPORATION

     

    Restricted
      Stock Unit and Option Agreement

     

    This
      Restricted Stock Unit and Option Agreement (this “Agreement”),
      dated
      as of February 14, 2008 (the “Effective
      Date”),
      is by
      and between Beacon Power Corporation (the “Company”)
      and
      James M. Spiezio (“Executive”),
      an
      executive officer of the Company.

     

    WHEREAS,
      this Agreement is intended to provide Executive compensation in the form of
      restricted stock units (or “RSUs”)
      that
      convert into shares of the Company’s common stock, $.01 par value per share (the
“Common
      Stock”);

     

    WHEREAS,
      this Agreement is also intended to provide Executive with a non-qualified stock
      option to purchase shares of the Common Stock pursuant to the terms and
      conditions set forth herein;

     

    NOW
      THEREFORE, it is agreed as follows:

     

    ARTICLE
      I. RESTRICTED
      STOCK UNIT AWARD

     

    1.1 Restricted
      Stock Unit Award.
      Subject
      to the terms and conditions of this Agreement and pursuant to the Company’s
      Third Amended and Restated 1998 Stock Incentive Plan (the “Plan”),
      the
      Company hereafter will grant RSUs to Executive in accordance with the vesting
      table set forth below. On each vesting date set forth below (each a
“Vesting
      Date”),
      the
      Company shall be considered to have awarded RSUs in the indicated amount to
      the
      Executive. 

    

      
        	
                % of total RSUs Vested

              	 	
                Vesting Date

              	 	
                RSUs Vesting

                on Vesting Date

              	 	
                Total RSUs Vested
                  

                to Date

              
	
                8.33%

              	 	
                March
                  31, 2008

              	 	
                1,056

              	 	
                1,056

              
	
                8.33%

              	 	
                June
                  30, 2008

              	 	
                1,056

              	 	
                2,112

              
	
                8.33%

              	 	
                September
                  30, 2008

              	 	
                1,056

              	 	
                3,168

              
	
                8.33%

              	 	
                December
                  31, 2008

              	 	
                1,056

              	 	
                4,224

              
	
                8.33%

              	 	
                March
                  31, 2009

              	 	
                1,056

              	 	
                5,280

              
	
                8.33%

              	 	
                June
                  30, 2009

              	 	
                1,056

              	 	
                6,336

              
	
                8.33%

              	 	
                September
                  30, 2009

              	 	
                1,056

              	 	
                7,392

              
	
                8.33%

              	 	
                December
                  31, 2009

              	 	
                1,056

              	 	
                8,448

              
	
                8.33%

              	 	
                March
                  31, 2010

              	 	
                1,056

              	 	
                9,504

              
	
                8.33%

              	 	
                June
                  30, 2010

              	 	
                1,056

              	 	
                10,560

              
	
                8.33%

              	 	
                September
                  30, 2010

              	 	
                1,056

              	 	
                11,616

              
	
                8.37%

              	 	
                December
                  31, 2010

              	 	
                1,062

              	 	
                12,678

              

      

    

     

    1.2 Conversion
      to Common Stock.
      Each
      vested RSU shall convert into one (1) share of Common Stock on the applicable
      Vesting Date; provided, that, if the applicable Vesting Date occurs during
      a
      period in which Executive is (a) subject to a lock-up agreement restricting
      Executive’s ability to sell Common Stock in the open market, (b) restricted from
      selling Common Stock in the open market because a trading window is not
      available, in the opinion of Company, or (c) trading is otherwise not
      appropriate, in the reasonable and good faith opinion of Company, such
      conversion of vested RSUs into shares of Common Stock shall be delayed until
      the
      date immediately following the expiration of the lock-up agreement or the
      opening of a trading window or confirmation by Company that trading is
      appropriate, as the case may be.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      II. NON-QUALIFIED
      STOCK OPTION GRANT

     

    2.1 Grant
      of Option.
      The
      Company hereby grants Executive an option (the “Option”)
      to
      purchase, as a whole or in part, on the terms provided herein and in the Plan
      the shares (the “Shares”)
      of
      Common Stock at an exercise price per share, as set forth below:

    

      
        	
                Shares:

              	 	 	
                Exercise
                  Price:

              	 
	
                114,098

              	 	
                $

              	
                1.25

              	 

      

    

    

    Unless
      earlier terminated, the Option shall expire one day before its 10th anniversary
      (the “Final
      Exercise Date”).
      It is
      intended that the Option shall be a non-qualified stock option.

    

    2.2 Vesting
      Schedule.
      Subject
      to the other terms of this Agreement regarding the exercisability of the Option,
      the Shares shall vest and become exercisable, as follows; provided, however,
      that as of each relevant Vesting Date, Executive’s employment with the Company
      has not terminated:

    

    
      	
              % of total Shares Vested

            	 	
              Vesting Date

            	 	
              Shares Vesting

              on Vesting Date

            	 	
              Total Shares Vested
                

              to Date

            
	
              8.33%

            	 	
              March
                31, 2008

            	 	
              9,504

            	 	
              9,504

            
	
              8.33%

            	 	
              June
                30, 2008

            	 	
              9,504

            	 	
              19,008

            
	
              8.33%

            	 	
              September
                30, 2008

            	 	
              9,504

            	 	
              28,512

            
	
              8.33%

            	 	
              December
                31, 2008

            	 	
              9,504

            	 	
              38,016

            
	
              8.33%

            	 	
              March
                31, 2009

            	 	
              9,504

            	 	
              47,520

            
	
              8.33%

            	 	
              June
                30, 2009

            	 	
              9,504

            	 	
              57,024

            
	
              8.33%

            	 	
              September
                30, 2009

            	 	
              9,504

            	 	
              66,528

            
	
              8.33%

            	 	
              December
                31, 2009

            	 	
              9,504

            	 	
              76,032

            
	
              8.33%

            	 	
              March
                31, 2010

            	 	
              9,504

            	 	
              85,536

            
	
              8.33%

            	 	
              June
                30, 2010

            	 	
              9,504

            	 	
              95,040

            
	
              8.33%

            	 	
              September
                30, 2010

            	 	
              9,504

            	 	
              104,544

            
	
              8.37%

            	 	
              December
                31, 2010

            	 	
              9,554

            	 	
              114,098

            

    

    

    The
      right
      of exercise shall be cumulative so that to the extent the Option is not
      exercised in any period to the maximum extent permissible it shall continue
      to
      be exercisable, as a whole or in part, with respect to all Shares for which
      it
      is vested until the earlier of the Final Exercise Date or the termination of
      the
      Option under this Agreement or the Plan.

    

    2.3 Exercise
      of Option.

    

    (a) Form
      of Exercise.
      Each
      election to exercise the Option shall be in writing, signed by Executive, and
      received by the Company at its principal office, accompanied by a copy of this
      Agreement and by payment in
      full
      as provided below. Executive may purchase less than the number of Shares covered
      by the Option, provided that no partial exercise of the Option may be for any
      fractional share or for fewer than 100 whole shares of Common Stock. Payment
      shall be as follows:

    

    (i) in
      cash
      or by check, payable to the order of the
      Company;

    

    (ii) in
      the
      sole discretion of the authorized administrator of the Plan, (A) delivery of
      an
      irrevocable and unconditional undertaking by a creditworthy broker to deliver
      promptly to the Company sufficient funds to pay the exercise price or (B)
      delivery by Executive to the Company of a copy of irrevocable and unconditional
      instructions to a creditworthy broker to deliver promptly to the Company cash
      or
      a check sufficient to pay the exercise price;

    

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

       

    

    (iii) delivery
      of shares of Common Stock owned by Executive valued at fair market value, as
      determined in the sole discretion of the board of directors of the Company,
      which Common Stock was owned by Executive at least six months prior to such
      delivery;

    

    (iv) to
      the
      extent permitted by the authorized administrator of the Plan, in its sole
      discretion, by payment of such other lawful consideration as the authorized
      administrator of the Plan may determine; or

    

    (v) any
      combination of the above permitted forms of payment.

    

    A
      certificate or certificates for the Shares purchased shall be issued by the
      Company after the exercise of the Option and payment therefor, including the
      provision for any federal and state withholding taxes, and other applicable
      employment taxes.

    

    (b) Continuous
      Relationship with the Company Required.
      Except
      as otherwise provided in Article III, the Option may not be exercised unless
      Executive, at the time he exercises the Option, is, and has been at all times
      since the Effective Date, an employee of the Company or any parent or subsidiary
      of the Company as defined in Section 424(e) or (f) of the Internal Revenue
      Code
      of 1986, as amended (the “Code”).

    

    ARTICLE
      III. TERMINATION
      OF EMPLOYMENT

     

    3.1 Termination
      of Employment.

     

    (a)
       General.
      Except
      as indicated below in (b), if Executive terminates his employment for any
      reason, including by resignation, or if the Company terminates his employment
      with or without a Breach of Conduct (as defined below), Executive may retain
      all
      RSUs and Shares underlying the Option that have vested before the Termination
      Notice Date (as defined below). However, he will not be entitled to receive
      and
      shall forfeit any interest in RSUs and Shares underlying the Option that are
      scheduled to be vested after the Termination Notice Date.

     

    The
      “Termination
      Notice Date”
means
      the date on which Executive resigns (or if earlier, the date on which Executive
      notifies Company that Executive will resign), or the date on which Company
      terminates the employment for or without a Breach of Conduct (or if earlier,
      the
      date on which the Company notifies Executive that employment will be so
      terminated). 

     

    (b) Special
      Rules for Options.
      In the
      case of termination of employment by reason of death, disability (as defined
      under the Executive's employment agreement), resignation or without Breach
      of
      Conduct, the vested Shares underlying the Option will expire if not exercised
      within 365 days after the Termination Notice Date. In the case of termination
      of
      employment for Breach of Conduct, all vested Shares underlying the Option will
      expire immediately on the written declaration of the authorized administrator
      of
      the Plan.

     

    Such
      declaration shall be communicated in writing to Executive. In addition, the
      Company may, in its sole discretion, by written notice, demand that any or
      all
      stock certificates for Shares acquired pursuant to the exercise of the Option,
      or any profit realized from the sale or transfer of such Shares, be returned
      to
      the Company within five days of receipt of such notice, and any exercise price
      paid by Executive shall be returned to Executive by the Company immediately
      thereafter, without interest. The Company shall be entitled to reimbursement
      of
      reasonable attorney fees and expenses incurred in seeking to enforce its rights
      under this paragraph.

    

    “Breach
      of Conduct”
shall
      mean activities which constitute a serious breach of conduct that, only if
      possible to cure as determined by the authorized administrator of the Plan
      in
      its sole discretion, is not cured within 30 days after receipt of written notice
      to Executive, including, but not limited to: (i) the disclosure or misuse of
      confidential information, trade secrets or other intellectual property of the
      Company or third parties who have disclosed such information, secrets or
      intellectual property to the Company or a company that controls, is controlled
      by or is under common control with the Company (collectively, an “Affiliate”),
      (ii)
      activities in violation of the policies of the Company or any Affiliate,
      including without limitation, the Company’s insider trading policy; (iii) the
      violation or breach of any material provision in any applicable contract or
      agreement between Executive and the Company (or an Affiliate), including, for
      example, a violation or breach which is grounds for discharge for cause; (iv)
      engaging in conduct relating to Executive’s employment for which either criminal
      or civil penalties have been sought; (v) engaging in activities which adversely
      affect or which are contrary or harmful to the interests of the Company or
      Affiliate, or (vi) in the event that Executive and Company have not signed
      a
      noncompetition agreement (which therefore otherwise would govern issues of
      noncompetition), engaging in competition with the Company or any Affiliate
      or
      soliciting their respective employees or customers on behalf of some other
      entity during employment or within one year following termination of employment
      with the Company or Affiliate. The determination of Breach of Conduct shall
      be
      determined by the authorized administrator of the Plan in good faith and in
      its
      sole discretion.

    

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV. GENERAL
      PROVISIONS

    

    4.1 Acquisition
      Events.
      Upon
      the occurrence of an Acquisition Event (as defined below), or the execution
      by
      the Company of any agreement with respect to an Acquisition Event, the
      authorized administrator of the Plan shall take any one or more of the following
      actions with respect to the RSUs and the Option: (i) provide that the RSUs
      and/or the Option shall be assumed, or equivalent equity compensation shall
      be
      substituted, by the acquiring or succeeding corporation (or an affiliate
      thereof); (ii) upon written notice to Executive, provide that any portion of
      the
      RSUs that are vested but not converted and/or any portion of the Shares
      underlying the Option that are vested but not exercised will become converted
      or
      exercisable, as the case may be, in full as of a specified time (the
“Acceleration
      Time”)
      prior
      to the Acquisition Event and will terminate immediately prior to the
      consummation of such Acquisition Event, except to the extent exercised by
      Executive between the Acceleration Time and the consummation of such Acquisition
      Event; (iii) in the event of an Acquisition Event under the terms of which
      holders of Common Stock will receive upon consummation thereof a cash payment
      for each share of Common Stock surrendered pursuant to such Acquisition Event
      (the “Acquisition
      Price”),
      provide that (A) the unvested RSUs shall terminate upon consummation of such
      Acquisition Event and Executive shall receive, in exchange therefor, a cash
      payment equal to the amount equal to the Acquisition Price multiplied by the
      number of shares of Common Stock subject to such unvested RSUs, (B) the Option
      shall terminate upon consummation of such Acquisition Event and Executive shall
      receive, in exchange therefor, a cash payment equal to the amount (if any)
      by
      which (x) the Acquisition Price multiplied by the number of shares of Common
      Stock subject to the Option (whether or not then convertible or exercisable),
      exceeds (y) the aggregate exercise price of the Option; and (iv) provide that
      the unvested RSUs and/or the Option (A) shall become exercisable, realizable
      or
      vested in full, or shall be free of all conditions or restrictions, as
      applicable to the Option, prior to the consummation of the Acquisition Event,
      or
      (B), if applicable, shall be assumed, or equivalent options shall be
      substituted, by the acquiring or succeeding corporation (or an affiliate
      thereof).

    

    An
      “Acquisition
      Event”
shall
      mean: (a) any merger or consolidation which results in the voting securities
      of
      the Company outstanding immediately prior thereto representing immediately
      thereafter (either by remaining outstanding or by being converted into voting
      securities of the surviving or acquiring entity) less than 50% of the combined
      voting power of the voting securities of the Company or such surviving or
      acquiring entity outstanding immediately after such merger or consolidation;
      (b)
      any sale of all or substantially all of the assets of the Company; or (c) the
      complete liquidation of the Company.

    

    4.2 Acceleration.
      The
      authorized administrator of the Plan may at any time provide that the Option
      shall become immediately exercisable in full or in part, that the Option may
      become exercisable in full or in part or free of some or all restrictions or
      conditions, or otherwise realizable in full or in part, as the case may
      be.

    

    4.3 Golden
      Parachute Payment Excise Tax Protection.
      In
      the
      event that the excise tax imposed by Section 4999 of the Code, (or any successor
      penalty or excise tax subsequently imposed by law) applies to any payments
      or
      benefits specifically paid or conferred only under this Agreement (the
“Excise
      Tax”),
      an
      additional amount shall be paid by the Company to the Executive equal to the
      amount of such Excise Tax (the “Gross
      Up Payment”);
      provided, however in no event shall the aggregate amount payable by the Company
      to Executive for any excise tax imposed by Section 4999 of the Code pursuant
      to
      this Agreement and all other agreements between the Company and Executive exceed
      $250,000. The Company and its advisers shall make the determination of the
      amount of the Gross Up Payment. To the extent that the amount of such Gross
      Up
      Payment exceeds the amount of Excise Tax actually paid by Executive, Executive
      shall promptly pay to the Company such excess amount.

     

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V. TRANSFERABILITY

     

    5.1 Nontransferability
      of Agreement, RSUs and the Option.
      This
      Agreement, the RSUs and the Option may not be sold, assigned, transferred,
      pledged or otherwise encumbered by Executive,
      either
      voluntarily or by operation of law, except by will or the laws of descent and
      distribution. Notwithstanding
      the foregoing, Executive’s transfer to a revocable trust that is solely for the
      benefit of Executive and Executive’s spouse and/or issue during Executive’s
      lifetime and transfer under such trust at Executive’s death to the trust’s
      intended beneficiaries shall not be deemed to be prohibited by the foregoing
      provisions. If any person other than Executive, Executive’s then current spouse,
      and Executive’s issue shall possess a vested interest in such trust during the
      lifetime of Executive, such interest shall not be recognized hereunder as giving
      such person any right to the benefit of any RSUs or the shares of Common Stock
      issuable upon conversion thereof. In such event the RSUs shall revest in
      Executive as if such transfer in trust had not occurred. During the lifetime
      of
      Executive, the RSUs and the Option shall be exercisable only by
      Executive.

     

    ARTICLE
      VI. MISCELLANEOUS

     

    6.1 Provisions
      of the Plan.
      This
      Agreement is subject to the provisions of the Plan, a copy of which Executive
      hereby acknowledges receiving with this Agreement.

    

    6.2 No
      Right to Continued Employment.
      This
      Agreement shall not confer upon Executive any right with respect to continuance
      of employment by the Company, nor shall it interfere in any way with the right
      of the Company to terminate Executive’s employment at any time. 

    

    6.3 No
      Right as Stockholder.
      Executive
      shall
      not be entitled to vote any shares of Common Stock that may be acquired through
      conversion of RSUs or the Shares underlying the Option to Common Stock, shall
      not receive any dividends attributed to such shares of Common Stock, and shall
      have no other rights of a stockholder with respect to the RSUs and/or the Option
      unless and until the Common Stock issuable upon conversion of the RSUs has
      been
      delivered to Executive or the Option is duly exercised by Executive and the
      Common Stock is issued.

    

    6.4 Compliance
      with Law and Regulations.
      This
      Agreement and the obligation of the Company to issue, sell and deliver shares
      of
      Common Stock hereunder shall be subject to all applicable federal and state
      laws, rules and regulations and to such approvals by any government or
      regulatory agency as may be required. The Company shall not be required to
      issue
      or deliver any certificates for Shares or to remove restrictions from shares
      of
      Common Stock previously delivered until (a) the listing of such Shares on any
      stock exchange on which the Shares may then be listed, (b) all conditions have
      been met or removed to the satisfaction of the Company, (c) in the opinion
      of
      the Company’s counsel, all other legal matters in connection with the issuance
      and delivery of such shares have been satisfied, including any applicable
      securities laws and any applicable stock exchange or stock market rules and
      regulations, (d) Executive has executed and delivered to the Company such
      representations or agreements as the Company may consider appropriate to satisfy
      the requirements of any applicable laws, rules or regulations and (e) the
      completion of any registration or qualification of such Shares under any federal
      or state law, or any rule or regulation of any government body which the Company
      shall, in its sole discretion, determine to be necessary or advisable. Moreover,
      the Option and the RSUs may not be exercised or converted to Common Stock if
      its
      exercise or conversion, or the receipt of Shares pursuant thereto, would be
      contrary to applicable law. 

    

    6.5 Adjustment to
      Common Stock.
      In the
      event of any stock split, stock dividend, recapitalization, reorganization,
      merger, consolidation, combination, exchange of shares, liquidation, spin-off
      or
      other similar change in capitalization or event, or any distribution to holders
      of Common Stock other than a normal cash dividend, the number and class of
      securities each RSU shall be convertible into under this Agreement and the
      number of Shares underlying the Option shall be appropriately adjusted by
      Company to the extent the authorized administrator of the Plan shall determine,
      in good faith, that such an adjustment is
      necessary and appropriate. 

    

    6.6 Withholding.
      Executive shall pay to Company, or make provision satisfactory to Company for
      payment of, any taxes required by
      law to
      be withheld in connection with this Agreement no later than each Vesting Date
      upon which Company vests RSUs to Executive. No shares of Common Stock will
      be
      issued pursuant to the exercise of the Option unless and until Executive pays
      to
      the Company, or makes provision satisfactory to the Company for payment of,
      any
      federal, state or local withholding taxes required by law to be withheld in
      respect of the Option. Executive may satisfy such tax obligations by delivering
      to Company cash in the form of wire transfer or check and Company may, to the
      extent permitted by law, deduct any such tax obligations from any payment of
      any
      kind otherwise due to Executive. 

     

    
      
        
        

      

      
        -
          5
          -

        
          

        

      

      
        
        

      

    

     

    6.7 Common
      Stock Reserved.
      Company
      shall at all times during the term of this Agreement reserve and keep available
      such number of shares of Common Stock as will be sufficient to satisfy the
      requirements of this Agreement. 

    

    6.8 Notices.
      Any
      notice hereunder to the Company shall be addressed to Beacon Power Corporation,
      Attn: Compensation Committee, 234 Ballardvale Street, Wilmington, MA 01887,
      and
      any notice hereunder to Executive shall be sent to the address reflected on
      the
      payroll records of the Company, subject to the right of either party to
      designate at any time hereafter in writing some other address.

    

    6.9 Delaware
      Law to Govern.
      This
      Agreement shall be construed and administered in accordance with and governed
      by
      the laws of the State of Delaware (without giving effect to any conflict or
      choice of laws provisions thereof that would cause the application of the
      domestic substantive laws of any other jurisdiction).

    

    6.10 Certain
      Special Rules.
      To
      the
      extent that this Agreement and the grant of the RSUs and the Option hereunder
      become subject to the provisions of Section 409A of the Code, the Company and
      Executive agree that the RSUs and the Option may be amended, modified, rescinded
      or substituted by the Company with an award of comparable economic value as
      required to maintain compliance with the provisions of Section 409A of the
      Code.

    

    6.11 Amendment
      of Agreement.
      Company
      may amend, modify or
      terminate this Agreement, provided that Executive’s consent to such action shall
      be required unless Company determines that the action, taking into account
      any
      related action, would not materially and adversely affect
      Executive.

    

    6.12 Successors
      and Assigns; No Third Party Beneficiaries.
      Except
      as otherwise expressly provided herein, the provisions hereof shall inure to
      the
      benefit of, and be binding upon, the successors, assigns, heirs, executors
      and
      administrators of the parties hereto. There are no third party beneficiaries
      of
      this Agreement. 

    

    6.13 Entire
      Agreement.
      This
      Agreement and the Plan constitute the full and entire understanding and
      agreement of the parties with regard to the RSUs and the Option and supersede
      in
      their entirety all other prior agreements, whether oral or written, with respect
      thereto. 

    

    6.14 Severability;
      Titles and Subtitles; Gender; Singular and Plural; Counterparts;
      Facsimile.

     

    (a) In
      case
      any provision of this Agreement shall be invalid, illegal or unenforceable,
      the
      validity, legality and enforceability of the remaining provisions of this
      Agreement shall not in any way be affected or impaired thereby.

     

    (b) The
      titles of the sections and subsections of this Agreement are for convenience
      of
      reference only and are not to be considered in construing this
      Agreement.

     

    (c) The
      use
      of any gender in this Agreement shall be deemed to include the other genders,
      and the use of the singular in this Agreement shall be deemed to include the
      plural (and vice versa), wherever appropriate.

     

    (d) This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      an original, but all of which together constitute one instrument.

     

    (e) Counterparts
      of this Agreement (or applicable signature pages hereof) that are manually
      signed and delivered by facsimile transmission shall be deemed to constitute
      signed original counterparts hereof and shall bind the parties signing and
      delivering in such manner.

     

    
      
        
        

      

      
        -
          6
          -

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as a sealed instrument
      as of the Effective Date.

    

    
      	EXECUTIVE:	 	BEACON
              POWER CORPORATION
	 	 	 	 
	
              By:
                

            	
              /s/
                James M. Spiezio

            	 	
              By:

            	
              /s/
                F. William Capp

            
	 	
              Signature

            	 	 	
              Signature

            
	 	 	 	 	 
	Name:
              James M. Spiezio	 	Name:
              F.
              William Capp
	 	 	 	 	 
	Address:	 	Title:
              President and Chief Executive Officer

    

    

    
      
        
        

      

      
        -
          7
          -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]