0001144204-10-063215 Sample Contracts

REVOLVING LINE OF CREDIT AGREEMENT
Line of Credit Agreement • November 23rd, 2010 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies • New York

This Revolving Line of Credit Agreement (this “Agreement”), dated as of November 18, 2010, is made by and between ENER1, INC., a Florida corporation (the “Lender”), and THINK HOLDINGS AS, a Norwegian limited liability company (the “Borrower”).

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SECURITY AGREEMENT
Security Agreement • November 23rd, 2010 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies • New York

THIS SECURITY AGREEMENT, dated as of November 18, 2010 (this “Agreement”), is by and between THINK NORTH AMERICA, INC, a Delaware Corporation (the “Debtor”), , and ENER1, INC., a Florida corporation (the “Lender”). The Lender and its endorsees, transferees and assigns are sometimes collectively referred to herein as the “Secured Parties”.

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