Assignment of Rights, dated April 6, 2021, by and among Siemens Aktiengesellschaft and Fluence Energy, LLC

Exhibit 10.16

Docket No.: 2017P00247WOUS, 2017P00351WOUS, 2017P02208WOUS

Page 1 of 2

ASSIGNMENT OF RIGHTS
Company to Company

WHEREAS, Siemens Aktiengesellschaft (Hereafter “Assignor”) and Fluence Energy, LLC (Hereafter “Assignee”) (individually referred to as “Party” and collectively as “Parties”)

Hereby, (I)(A) acknowledge they have entered into certain agreements (hereinafter referred to as “the Agreements”) which set forth certain rights, limitations and obligations regarding inventions developed by or among Parties, and/or Intellectual Property owned by one or both of the Parties and the Parties agree that the terms of the Agreements apply to any and all inventions; or

(B)(i) Agree to the extent such Agreement(s) or similar legal document(s) failed or fails, in whole or part, to have assigned, sold or transferred the entire right (including priority rights), title and interest, in and for the United States and all foreign countries, in and to all inventions which are disclosed in an invention disclosure and/or in the below-identified application or application already filed for Letters Patent, or (ii) if no such agreement(s) exist assigning, selling or transferring any such right (including priority rights), title or interest; then for good and valuable consideration, Assignor now and hereby, effective Nunc Pro Tunc on the filing date of the below identified patent application(s), pending patent application(s) or granted Letter Patent(s), assigns, sell and transfers to Assignee, its successors, assigns and legal representatives, the entire right, (including all priority rights), title and interest in and for the United States and all foreign countries, in and to any and all inventions and improvements which are disclosed in the following identified; patent application(s), pending patent application(s) or granted Letter Patent(s) which are disclosed in the application for Letters Patent or granted patent, entitled:

Patent Application Title: Arrangement, in particular converter systems coupled via their DC intermediate circuits, for compensating voltage drops in the associated network feeds, and system comprising such an assembly

Filing Date: 27 Jun 2018

Filing Number: 16/628, 121

Internal Case Number(s): 2017P00247WOUS

Patent Application Title: ARRANGEMENT FOR EQUALIZING VOLTAGE DROPS IN A POWER SUPPLY MAINS AND METHOD FOR EQUALIZING VOLTAGE DROPS IN A POWER SUPPLY MAINS

Filing Date: 27 Jun 2018

Filing Number: 16/628,061

Internal Case Number(s): 2017P00351WOUS

Patent Application Title: UNINTERRUPTIBLE POWER SUPPLY

Filing Date: 21 Jun 2018

Filing Number: 16/628,759

Internal Case Number(s): 2017P02208WOUS

and in and to said application or granted patents and all applications claiming priority to said application or granted patent, including, without limitation, and all divisional, continuing, substitute, renewal, reissue, and all other applications for Letters Patent which have been or shall be filed in the United States and all foreign countries on any of the inventions or improvements; and in and to all original and reissued patents which have been or shall be filed in the United States and all foreign countries on the inventions or improvements;

Docket No.: 2017P00247WOUS, 2017P00351WOUS, 2017P02208WOUS

Page 2 of 2

(II) Agree that the Assignee may apply for and receive Letters Patent for said improvements in its own name; and that, when requested, without charge to but at the expense of said Assignee, its successors, assigns and legal representatives, to carry out in good faith the intent and purpose of this assignment, the undersigned will execute all divisional, continuing, substitute, renewal, reissue, and all other patent applications on any and all the inventions or improvements; execute all rightful oaths, assignments, powers of attorney and other papers; communicate to said Assignee, its successors, assigns, and legal representatives, all facts known to the undersigned relating to the inventions or improvements and the history thereof; and generally do everything possible which said Assignee, its successors, assigns or legal representatives shall consider desirable for aiding in securing and maintaining proper patent protection for the inventions or improvements and for vesting title to the inventions or improvements and all applications for patents and all patents on the inventions or improvements, in said Assignee, its successors, assigns and legal representatives; and

(III) Covenant with said Assignee, its successors, assigns and legal representatives that no assignment, grant, mortgage, license or other agreement affecting the rights and property herein conveyed has been made to others by the undersigned, and that full right to convey the same as herein expressed is possessed by the undersigned.

The Parties acknowledge and agree that the inventor(s) may have previously assigned its rights (including all and any priority rights) in one or more above-referenced applications for Letters Patents directly to a Party as directed by the other Party, consistent with the Agreements. Any such directed assignment shall remain in full force and effect and shall take precedence over this Assignment to the extent any conflict exists.

Betr.: Antrag auf Umschreibung von Patenten / Patentanmeldungen

Ref.: Request to record the details of transfer of ownership of patents / patent applications

Concerne: Requête en enregistrement de transfert de brevets / demandes de brevets

Es wird beantragt, folgende(s) Patent(e) / Patentanmeldung(en)

It is hereby requested to record the transfer of ownership of the following patent(s) / patent application(s)

Par la présente, les soussignés requiérent I’enregistrement du transfert du (des) brevet(s) suivant(s) / de la (des) demande(s) de brevet suivante(s)

im Register des Deutschen Patent- und Markenamts umzuschreiben von

in the register of the German Patent and Trade Mark Office, from the

au registre de I’Office allemand des brevets et des marques de

(eingetragener Anmelder / lnhaber) (registered applicant / owner) (déposant / titulaire enregistré)

Siemens Aktiengesellschaft

auf

to the

à I’acquéreur suivant

(Erwerber) (assignee) (nom de I’acquéreur)

Fluence Energy, LLC, 4300 Wilson Blvd, Suite 900, Arlington VA 22203, UNITED STATES OF AMERICA

Bei den Unterschriften sind die Namen in Druckbuchstaben zu wiederholen.

Bei Firmen Bezeichnung laut Handelsregister mit zusätzlicher Funktionsbezeichnung des / der Unterzeichner/s.

Please indicate the name also in block capitals.

In case of companies, name of the company as registered in the commercial register and indication of the position/s of the undersigned.

Les noms des signataires doivent également étre indiqués en caractéres d’imprimerie.

S’il s’agit d’un établissement, il convient d’apporter le nom commercial selon le registre du commerce avec mention additionnelle de la position du (des) soussigné(s).

Hinweis:

Bei mehreren (kűnftigen) Anmeldern / Inhabern muss zusätzlich zum Umschreibungsantrag ein gemeinsamer Zustellungs-bevollmächtigter von allen künftigen Anmeldern / Inhabern benannt werden.

Nur auszufűllen von Patent- und Rechtsanwälten - sofern zutreffend - :

Name und Unterschrift des Patent- oder Rechtsanwalts

IDNR: 4168 / 31.07.2009

2017P02208DE, 2017P00351DE, 2017P00247DE

2017P02208DE, 2017P00351DE, 2017P00247DE

Annex to the Act of Assignment

201700351WOIN

DEED OF ASSIGNMENT

WHEREAS, WE,

Siemens Aktiengesellschaft, Werner-von-Siemens-Straße 1, 80333 München,

Germany

(hereinafter called the Assignor) is the proprietor of the invention covered in the Indian Patent Application No./ Indian Patent No.  ###-###-####

AND WHEREAS,

Fluence Energy, LLC, 4300 Wilson Blvd, Suite 900, Arlington VA 22203,

United States of America

(hereinafter called the Assignee) are desirous of acquiring the entire right, title and interest of the Assignor in and to the aforesaid Patent.

NOW, THEREFORE, TO ALL WHOM IT MAY CONCERN, be it known that for and in consideration of a sum of Euro 10.00 the (receipt of which is hereby acknowledged by the Assignor) Assignor as beneficial owner, hereby agrees to sell, assign and transfer unto the said Assignee, its successors and assigns, entire right, title and interest in and to the aforesaid patents and by these presents does sell, assign and transfer unto the said Assignee, its successors, and assigns, its entire right, title and interest in and to the aforesaid patents in India and all the singular, the liberties, powers, privileges and advantages, whatsoever appertaining or belonging thereto the same to be held and enjoyed by the Assignee as fully and entirely as the same would have been held by the Assignor had this Assignment not been made.

The Assignor consents to the Assignee recording the Assignment in their favour and the said Assignor agrees to do all that may be necessary or required to put the foregoing into effect.

2017P00351WOIN

IN WITNESS WHEREOF, the said Assignor has executed this document on the 1^st day of March 2021

We,

Fluence Energy, LLC, 4300 Wilson Blvd, Suite 900, Arlington VA 22203, United States of America confirm our acceptance of this Assignment.

Dated this 6^th day of April of 2021