EXHIBIT 4
BRIDGE FINANCING AMENDMENT AGREEMENT
This Bridge Financing Amendment Agreement ("Amendment Agreement") is
entered into as of March 20, 2002, by Lithium Technology Corporation ("LTC") and
Arch Hill Capital N.V. ("ARCH") (LTC and Arch collectively referred to herein as
the "Parties").
RECITALS
WHEREAS, the Parties have executed a Bridge Financing Agreement dated
December 31, 2001 (the "Agreement") and LTC has issued Notes to Arch under such
Agreement (the "Notes"); and
WHEREAS, Section 4 of the Agreement and Section 1 of the Notes,
provides that the entire principal balance and all other sums due and payable
under this Note shall be payable on the earlier of (i) the closing date of the
Financing, and (ii) March 31, 2002 (the "Maturity Date"),
WHEREAS, the Parties have agreed to extend the Maturity Date to May 31,
2002.
NOW THEREFORE, in consideration of the mutual agreements contained herein,
the Parties agree as follows:
1. Section 4 of the Agreement and Section 1 of the Notes shall be
amended to read as follows:
" the entire principal balance and all other sums due and payable under
this Note shall be payable on the earlier of (i) the closing date of
the Financing, and (ii) May 31, 2002 (the "Maturity Date")."
2. All other terms and conditions of the Agreement and the Notes shall
remain the same and shall continue to have the same force and effect
as originally written.
IN WITNESS WHEREOF, the Parties have executed this Amendment Agreement
as of the date first above written.
LITHIUM TECHNOLOGY CORPORATION
By: /s/ Xxxxx X. Xxxx
------------------------------------
Xxxxx X. Xxxx
Chairman and Chief Executive Officer
ARCH HILL CAPITAL N.V.
By: /s/ X.X. xxx Xxxxx
------------------------------------
X.X. xxx Xxxxx
Chief Executive Officer
