WARRANT TO PURCHASE COMMON STOCK OF ENER1, INC.Warrant Agreement • December 30th, 2008 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies
THIS CERTIFIES that ENER1 GROUP, INC., a Florida corporation, or any subsequent holder hereof (the “Holder”), has the right to purchase from ENER1, INC., a Florida corporation (the “Company”), up to ( ) fully paid and nonassessable shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), subject to adjustment as provided herein, at a price per share equal to the Exercise Price (as defined below), at any time and from time to time beginning on the date on which this Warrant was originally issued (the “Issue Date”) and ending at 5:00 p.m., eastern time, on (the “Expiration Date”); provided, however, that if the Expiration Date occurs on a date that is not a Business Day, the Expiration Date shall be deemed to occur on the on the Business Day immediately following such date. This Warrant is issued pursuant to the terms of a Line of Credit Agreement, dated as of December 29, 2008 (the “LOC Agreement”). Capitalized terms used herein and not otherwise defined sha
LINE OF CREDIT AGREEMENTLine of Credit Agreement • December 30th, 2008 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies • New York
This Line of Credit Agreement (this “Agreement”), dated as of December 29, 2008, is made by and between ENER1 GROUP, INC., a Florida corporation (“Lender”), and ENER1, INC., a Florida corporation (“Borrower”).
