Exhibit 10.2

 

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February 8, 2008

 

 

 

Mr. Carl E. Berg

 

 

Berg & Berg Enterprises, LLC.

 

 

10050 Bandley Drive

 

 

Cupertino, CA 95014

 

 

 

Re: Share Purchase

 

Dear Mr. Berg:

 

This letter is entered into in connection with an agreement entered into by
Berg & Berg Enterprises, LLC. (Berg & Berg) and Valence Technology, Inc.

 

Pursuant to the agreement reached today, Berg & Berg has funded One Million
Dollars ($1,000,000.00) to Valence, to purchase 492,611 shares of common stock. 
The per share price of the common stock sold to Berg & Berg is $2.03 which
represents the closing bid price of the common stock on the principal market on
February 7, 2008.

 

 

Sincerely,

 

 

 

VALENCE TECHNOLOGY, INC.

 

 

 

 

 

/s/ Robert L. Kanode

 

 

Robert L. Kanode

 

Chief Executive Officer

 

 

ACCEPTED AND AGREED:

 

 

 

Berg & Berg, LLC.

 

 

 

 

 

/s/ Carl E. Berg

 

 

Carl E. Berg

 

 

Valence Technology, Inc. 12201 Technology Blvd., Suite 150, Austin, Texas 78727

Tel: 512-527-2900, Fax: 512-527-2910

 

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