February 21, 2008 Mr. Carl E. Berg Berg & Berg Enterprises, LLC. 10050 Bandley Drive Cupertino, CA 95014 Re: Share Purchase Dear Mr. Berg:

Exhibit 10.2

                                                                                                February 21, 2008

Xx. Xxxx X. Xxxx

Xxxx & Xxxx Enterprises, LLC.

00000 Xxxxxxx Xxxxx

Cupertino, CA  95014

Re: Share Purchase

Dear Xx. Xxxx:

This letter is entered into in connection with an agreement entered into by Xxxx & Xxxx Enterprises, LLC. (Xxxx & Xxxx) and Valence Technology, Inc.(Valence).

                Pursuant to the agreement Xxxx & Xxxx has funded One Million Dollars ($1,000,000.00) to Valence, to purchase shares of common stock of Valence.  The per share price of the common stock to be sold to Xxxx & Xxxx shall be the closing price of the common stock on the principal market on Wednesday February 27, 2008.

Sincerely,

VALENCE TECHNOLOGY, INC.

/s/ Xxxxxx X. Xxxxxx

Xxxxxx X. Xxxxxx

Chief Executive Officer

ACCEPTED AND AGREED:

Xxxx & Xxxx, LLC.

/s/ Xxxx X. Xxxx

Xxxx X. Xxxx