ASSIGNMENT

WHEREAS,
ENER1 DAUGHTER ENTERPRISE with Foreign Investments of the Corporation ENER1 BATTERY
COMPANY, having an official short name of ENER1UKRAINE, organized under the laws of the
Ukraine and having its principle place of business at 4 Gagarin Ave., office B-506,
Dnipropetrovsk 49005, Ukraine (hereinafter referred to as ASSIGNOR), is
the owner of certain inventions described below:

|TITLE                                     | PATENT FILING DATA                 | PCT FILING DATA       
|----------------------------------------- | ---------------------------------- | ----------------------
|Measurement Method of an Ionic            | Patent Application No. 2001128503  | PCT patent application
|Conductivity of Solid Electrolytes        | Filed 12/11/01                     | No. PCT/UA02/00043    
|                                          | Patent No. 45293A                  | Filed 09/ 05/02       
|                                          | Issued 03/15/02                   
|Secondary Lithium Chemical Power Source   | Patent Application No. 2001128504 
|with Non-aqueous Electrolyte              | Filed 12/11/01                     | Not filed             
|                                          | Patent No. 45294A                 
|                                          | Issued 03/15/02                   
|Method of Eddy-current Control of Powder  | Patent Application No. 2002129690  | PCT patent application
|Materials                                 | Filed 12/04/02                     | No. PCT/UA03/00022    
|                                          | Patent No. 54354A                  | Filed 06/27/03        
|                                          | Issued 02/17/03                   
|Method of Production of Active Cathode    | Patent Application No. 2003077001 
|Material for Lithium Secondary Power      | Filed 07/25/03                     | Not filed             
|Sources                                   | Patent No. 60953A                 
|                                          | Issued 10/15/03                   
|Carbon Material for Electrodes of         | Patent Application No. 2003077002  | PCT patent application
|Lithium-Ion Power Sources and Method of   | Filed 07/25/03                     | No. PCT/UA04/000049   
|Production Thereof                        | Approved 05/14/04                  | Filed 07/19/04        
|Method of Production of Active Cathode    | Patent Application No. 2003077003  | PCT patent application
|Material for Lithium Secondary Power      | Filed 07/25/03                     | No. PCT/UA04/000048   
|Sources                                   | Patent No. 67134                   | Filed 07/19/04        
|                                          | Issued 12/26/03                   
|Method of Lithium Batteries Production    | Patent Application No. 2003077004  | PCT patent application
|                                          | Filed 07/25/03                     | No. PCT/UA04/000050   
|                                          | Patent No. 67135                   | Filed 07/19/04        
|                                          | Issued 06/15/04                   
|Method of Non-Contact Measuring           | Patent Application No. 2003007005  | PCT patent application
|Electrical Conductivity of Electrolytes   | Filed 07/25/03                     | No. PCT/UA04/000051   
|with Using Primary  Measuring Transformer | Patent No. 60954A                  | Filed 07/19/04        
|                                          | Issued 10/15/03                   
|Method of Non-Contact Measuring           | Patent Application No. 2003077006  | PCT patent application
|Electrical Conductivity of Polymer        | Filed 07/25/03                     | No. PCT/UA04/000052   
|Electrolyte Thin Films with Using         | Patent No. 60955A                  | Filed 07/19/04        
|Combined Sensor                           | Issued 10/15/03                   
|Method of Non-Destructive Control of      | Patent Application No. 2003077007  | PCT patent application
|Hermiticity Based on Gas-Discharge        | Filed 07/25/03                     | No. PCT/UA04/000053   
|Visualization                             | Patent No. 64623                   | Filed 07/19/04        
|                                          | Issued 02/16/04                   
|Solid Inorganic Glassy Electrolyte and    | Patent Application No. 2003077008  | PCT patent application
|Method of Production Thereof              | Filed 07/25/03                     | No. PCT/UA04/000054   
|                                          | Patent No. 67973                   | Filed 07/19/04        
|                                          | Issued 07/15/04                   
|Method and Device for Rapid Charging      | Patent Application No. 20031110308 | PCT patent application
|Secondary Power Sources                   | Filed 11/14/03                     | No. PCT/UA04/000056   
|                                          | Patent No.67618                    | Filed 07/19/04        
|                                          | Issued 06/15/04                   
|Manganese Oxide for Lithium Battery       | Patent Application No. 20031212437 | PCT patent application
|Cathode                                   | Filed 12/25/03                     | No. PCT/UA04/000057   
|                                          |                                    | Filed 07/19/04        
|Method of Lithium Batteries Production    | Patent Application No. 20031213443
|                                          | Filed 12/31/03                     | Not filed             
|                                          | Approved 06/24/04                 

WHEREAS,
ENERDEL, INC., existing by virtue of the laws of the State of Delaware, USA (hereinafter
ASSIGNEE), is desirous of acquiring the entire right, title and
interest in and to said invention and in and to any Letters Patent which may be granted
therefor in the United States and in any and all foreign countries;

NOW,
THEREFORE, in view of valuable consideration, the receipt of which is hereby
acknowledged, ASSIGNOR has sold, assigned, and transferred, and by these presents does
sell, assign and transfer, unto said ASSIGNEE, its successors and assigns

| | (1) | The entire right, title and interest in and to any and all Letters Patent which
               have been granted and which may be granted therefor in the United States and its
               territorial possessions and in any and all foreign countries and in and to any
               and all divisions, reissues, continuations, and extensions thereof, and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (2) | For all other rights to said inventions, the full and exclusive right to the
               said inventions for exclusively Li battery applications, including Li ion, Li
               metal batteries, and Li polymer batteries in the United States and its
               territorial possessions and in all foreign countries.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ASSIGNOR
does hereby authorize and request the Patent Office Officials in the United States and in
any foreign countries to issue any and all of said Letters Patent, when granted, to said
ASSIGNEE, as the assignee of the entire right, title and interest in and to the same, for
the sole use and on behalf of said ASSIGNEE, its successors and assigns.

ASSIGNOR
agrees that it will communicate to said ASSIGNEE, or its representatives, any facts known
to ASSIGNOR respecting said invention; testify in any legal proceedings; sign all lawful
papers; execute all divisional, continuation, substitution, renewal, and reissue
applications; execute all necessary assignment papers to cause any and all of said Letters
Patent to be issued to said ASSIGNEE; make all rightful oaths; and generally do everything
possible to aid the said ASSIGNEE, its successors and assigns, to obtain and enforce
proper protection for said invention in the United States and in any and all foreign
countries.

IN
TESTIMONY WHEREOF, I have hereunto set my hand this 20thday of October,
2004.

ASSIGNOR:

# ENER1 UKRAINE

BY:____________________________________________________________________

PRINTED NAME AND TITLE:
Timothy Pastushkin, Director

ADDRESS: 4 Gagarin Ave.,
office B-506, Dnipropetrovsk 49005, Ukraine

# ENER1 BATTERY COMPANY

BY:____________________________________________________________________

PRINTED NAME AND TITLE:
   Ronald N. Stewart, Chief Operating Officer

ADDRESS: 500 West Cypress
Creek Road, Suite 100, Ft. Lauderdale, Florida  33309