VALENCE TECHNOLOGY, INC. [FORM OF] ADDENDUM TO STOCK OPTION AGREEMENTStock Option Agreement • May 26th, 2011 • Valence Technology Inc • Miscellaneous electrical machinery, equipment & supplies
The following provisions are hereby incorporated into, and are hereby made a part of, that certain Stock Option Agreement (the “Option Agreement”) by and between Valence Technology, Inc., a Delaware corporation (the “Company”), and ________________________ (“Optionee”) evidencing the stock option (the “Option”) granted on this date to Optionee under the terms of the Company’s 2009 Equity Incentive Plan, and such provisions shall be effective immediately. All capitalized terms in this Addendum, to the extent not otherwise defined herein, shall have the meanings assigned to them in the Option Agreement.
RESTRICTED STOCK ISSUANCE AGREEMENTRestricted Stock Issuance Agreement • May 26th, 2011 • Valence Technology Inc • Miscellaneous electrical machinery, equipment & supplies
The following provisions are hereby incorporated into, and are hereby made a part of, that certain Restricted Stock Issuance Agreement (the “Issuance Agreement”) by and between Valence Technology, Inc., a Delaware corporation (the “Company”), and _________________ (“Participant”) evidencing the Shares of Restricted Stock issued on this date to Participant under the Company’s 2009 Equity Incentive Plan (the “Plan”), and such provisions shall be effective immediately. All capitalized terms in this Addendum, to the extent not otherwise defined herein, shall have the meanings assigned to such terms in the Issuance Agreement or the Plan.
