EXHIBIT 4.11 April 10, 1997 Mr. Steve Pickens VIA: Fax (415-331-1212) Ally Capital Corporation Marina Plaza 2330 Marinship Way, Suite 300 Sausalito, California 94965-2853 Re: Prepayment of Lease Dear Steve: In accordance with the letter agreement...Prepayment of Lease • April 18th, 1997 • Electrosource Inc • Miscellaneous electrical machinery, equipment & supplies
In accordance with the letter agreement dated December 18, 1996 between Ally and Electrosource, as amended by letter agreement dated January 20, 1997, Ally and Electrosource hereby agree to adjust the number of shares issued to Ally on behalf of the Lessors to 127,500 shares. The adjustment is to reflect the subsequent lease payments made to reduce the indebtedness since December. We will continue payments per our agreement until the obligation is satisfied.
