ENER1, INC. TRANCHE BDecember Purchase Agreement • September 12th, 2011 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies • New York
For value received, ENER1, INC., a Florida corporation (the “Company”), hereby promises to pay to the order of [________________] (together with its successors and assigns, the “Holder”), in accordance with the terms hereinafter provided, the principal amount of [______________________] AND 00/100 DOLLARS ($[_________]), together with interest thereon. This Note (this “Note”) is issued to the Holder pursuant to the Securities Purchase Agreement dated as of December 31, 2010 (the “December Purchase Agreement”), as amended by the Waiver, Amendment and Exchange Agreement, dated as of September 9, 2011 (the “Amendment”). The other Notes issued pursuant to the December Purchase Agreement and/or the Securities Purchase Agreement dated as of September 2, 2010 (the “September Purchase Agreement” and, together with the December Purchase Agreement, the “Purchase Agreements”), as amended by the Amendment, are referred to herein as the “Other Notes”, and the Other Notes together with this Note are
