EXHIBIT 10.1.26
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (the "Amendment") is entered into as
of March 30, 2005, by and between Beacon Power Corporation, a Delaware
corporation (the "Company"), and Xxxxxxx Xxxxxxxxxx (the "Executive").
WHEREAS, the Company and Executive are entering into this Amendment to the
Employment Agreement (the "Agreement") dated as of April 25, 2004 between them
in order to extend the duration of the Agreement by twelve months. NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:
1. Section 1 of the Agreement is hereby amended in its entirety to read as
follows:
"Section 1. Term. This Agreement shall be effective for a term
commencing on January 1, 2005 and continuing until December 31, 2005,
unless earlier terminated pursuant to Section 9. The period of the
Executive's employment hereunder is referred to as the "Employment
Period"."
2. Section 9(c) of the Agreement is amended so that every reference to 2004
shall be changed to 2005 and that every reference to 2005 shall be changed
to 2006.
3. In all other respects, the Agreement shall remain unamended.
IN WITNESS WHEREOF, this Amendment has been executed as a sealed instrument
as of the date first above written.
EXECUTIVE BEACON POWER CORPORATION
/s/Xxxxxxx X. Xxxxxxxxxx /s/Xxxx X. Xxxxx
------------------------------ --------------------------------------
Chief Technical Officer Director
