Option to Purchase Equipment Sample Contracts

OPTION TO PURCHASE EQUIPMENT

Option to Purchase Equipment • April 15th, 2005 • Ener1 Inc • Telephone & telegraph apparatus • Florida

• Contract Type
  Option to Purchase Equipment
• Filed
  April 15th, 2005
• Company
  Ener1 Inc
• Industry
  Telephone & telegraph apparatus
• Jurisdiction
  Florida

WHEREAS, EnerDel and Ener1, Inc., Ener1 Battery’s parent company, have entered into a Formation, Subscription and Stockholders’ Agreement dated October 20, 2004 (the “Subscription Agreement”) wherein Ener1 subscribed to purchase eighty million five hundred thousand (80,500,000) shares of EnerDel’s $0.01 common stock in exchange for fifteen million dollars ($15,000,000.00) and other capital contributions.