Exhibit 10.3 LOAN AND STOCK SUBSCRIPTION AGREEMENT This Loan Agreement (the "Agreement") is made as of the 7th day of October, 2003 among ULTRALIFE BATTERIES, INC., a Delaware corporation, having its principle office at 2000 Technology Parkway,...Loan and Stock Subscription Agreement • November 6th, 2003 • Ultralife Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
