COMPANY RIGHT TO PUT RESTRICTED 1. The Company shall have the option during the Term STOCK: to cause Mr. Berg to purchase up to $20 million of the restricted Common Stock of the Company in one or more installments. 2. The Company may exercise its...Equity Line of Credit • November 12th, 2004 • Valence Technology Inc • Miscellaneous electrical machinery, equipment & supplies
REGISTRATION RIGHTS: In conjunction with the first draw down, the Company will amend its existing registration rights agreement with Mr. Berg to add the shares issued in any draw down pursuant to the line of credit as registrable securities thereunder.
