WARRANT TO PURCHASE COMMON STOCK OF VALENCE TECHNOLOGY, INC. VOID AFTER MARCH 30, 2013Warrant Agreement • April 5th, 2010 • Valence Technology Inc • Miscellaneous electrical machinery, equipment & supplies • New York
This Warrant is issued to iStar Tara LLC, a Delaware limited liability company (“iStar”), or its registered assigns ("Holder") by Valence Technology, Inc., a Delaware corporation (the "Company"), on March 30, 2010 (the "Warrant Issue Date"). This Warrant is issued pursuant to the terms of Amendment No. 2 to Loan and Security Agreement dated March 30, 2010, by and among the Company, iStar and Carl E. Berg, which amends that certain Loan and Security Agreement dated as of July 13, 2005, by and among the Company, SFT I, Inc., a Delaware corporation and the predecessor in interest to iStar, and Mr. Berg (as amended from time to time, the "Loan Agreement”).
AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTSLoan and Security Agreement • April 5th, 2010 • Valence Technology Inc • Miscellaneous electrical machinery, equipment & supplies
This AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”) is entered into as of the 30th day of March, 2010, by and among VALENCE TECHNOLOGY, INC., a Delaware corporation, having an address at 12303 Technology Boulevard, Suite 950, Austin, Texas 78727 (“Borrower”), CARL E. BERG, an individual, having an address at 10050 Bandley Drive, Cupertino, California 95014 (“Guarantor”) and iSTAR TARA LLC, a Delaware limited liability company and successor in interest to SFT I, INC., a Delaware corporation, having an address at 1114 Avenue of the Americas, New York, New York 10036 (the “Lender”).
