Document:

Convertible Debenture

 Exhibit 4.7 
  
 THIS DEBENTURE, AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY, THE “SECURITIES”), HAVE NOT BEEN REGISTERED
WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”). THE SECURITIES ARE “RESTRICTED” AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT, PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM THE
REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY WILL BE PROVIDED WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT. 
  
 LITHIUM
TECHNOLOGY CORPORATION 
  
 Convertible Debenture

  

			
	 No. 1
	 	US$1,200,000

  
 This Debenture (the
“Debenture”) is issued on as of June 9, 2005 (the ”Issue Date”) by LITHIUM TECHNOLOGY CORPORATION, a Delaware corporation (the “Company”), to
                                 (together with its permitted successors and
assigns, the “Holder”) pursuant to exemptions from registration under the Securities Act of 1933, as amended. 
  
 ARTICLE I. 
  
 Section 1.01 Principal and Interest. For value received, the Company hereby promises to pay to the order of the Holder on the Maturity Date
(as herein defined) the principal sum of ONE MILLION TWO HUNDRED THOUSAND U.S. DOLLARS (US$1,200,000) together with interest on the unpaid principal of this Debenture at the rate of twelve percent (12%) per year from the date of this
Debenture until converted payable solely in common stock, $.01 par value per share, of the Company (the “Common Stock”) at the then applicable Conversion Price (as defined herein). All payments of principal and interest due
hereunder (to the extent not converted into Common Stock in accordance with the terms hereof) at June 9, 2007 (the “Maturity Date”) shall be made in shares of Common Stock of the Company valued at the then applicable Conversion
Price. In no event shall the Holder be entitled to convert this Debenture for a number of shares of Common Stock in excess of that number of shares of Common Stock which, upon giving effect to such conversion, would cause the aggregate number of
shares of Common Stock beneficially owned by the Holder and its affiliates to exceed 4.99% of the outstanding shares of the Common Stock following such conversion (unless the Holder provides the Company sixty five (65) days prior written notice that
this provision shall not apply). Whenever any amount expressed to be due by the terms of this Debenture is due on any 

  

 
day which is not a business day, the same shall instead be due on the next succeeding day which is a business day. As used in this Debenture, the term
“business day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive order to remain closed. 
  
 Section 1.02 Conversion. (a) Optional Conversion. The
Holder is entitled, at its option, to convert, and sell on the same day, at any time and from time to time commencing on December 9, 2005, until the Maturity Date, all or any part of the principal amount of the Debenture, into shares (the
“Conversion Shares”) of the Company’s Common Stock, at the price per share equal to $0.05 (the “Conversion Price”). No fraction of shares or scrip representing fractions of shares will be issued on conversion,
but the number of shares issuable shall be rounded to the nearest whole share. To convert this Debenture, the Holder hereof shall deliver written notice thereof, substantially in the form of Exhibit ”A” to this Debenture, with appropriate
insertions (the “Conversion Notice”), to the Company at its address as set forth herein. The date upon which the conversion shall be effective (the “Conversion Date”) shall be deemed to be the date set forth in the
Conversion Notice. 
  
 (b) Mandatory
Conversion. This Debenture shall be automatically converted into Conversion Shares at the Conversion Price on the Maturity Date. 
  
 Section 1.03 Reservation of Common Stock. Commencing on December 9, 2005, the Company shall reserve and keep available out of its authorized
but unissued shares of Common Stock, solely for the purpose of effecting the conversion of this Debenture, such number of shares of Common Stock as shall from time to time be sufficient to effect such conversion, based upon the Conversion Price. If
at any time the Company does not have a sufficient number of Conversion Shares authorized and available, then the Company shall call and hold a special meeting of its stockholders within thirty (30) days of that time for the sole purpose of
increasing the number of authorized shares of Common Stock. 
  
 Section 1.04 Paying Agent and Registrar. Initially, the Company will act as paying agent and registrar. The Company may change any paying agent, registrar, or Company-registrar by giving the Holder not less than ten (10)
business days’ written notice of its election to do so, specifying the name, address, telephone number and facsimile number of the paying agent or registrar. The Company may act in any such capacity. 
  
 ARTICLE II. 
  
 Section 2.01 Amendments and Waiver of Default. The Debenture
may not be amended. Notwithstanding the above, without the consent of the Holder, the Debenture may be amended to cure any ambiguity, defect or inconsistency, or to provide for assumption of the Company obligations to the Holder. 
  
 ARTICLE III. 
  
 Section 3.01 Events of Default. An Event of Default is defined
as follows: (a) failure by the Company for ten (10) days after notice to it to comply with any of its agreements in the Debenture; (b) events of bankruptcy or insolvency; or (c) a breach by the Company of its 

  

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obligations under the Debenture Purchase Agreement which is not cured by the Company within ten (10) days after receipt of written notice thereof. Upon the
occurrence of an Event of Default, the Holder may, in its sole discretion, accelerate full repayment of all debentures outstanding or may, notwithstanding any limitations contained in this Debenture and/or the Debenture Purchase Agreement dated the
date hereof between the Company and the Holder (the “Debenture Purchase Agreement”), convert all Debentures outstanding into shares of Common Stock pursuant to Section 1.02 herein. 
  
 ARTICLE IV. 
  
 Section 4.01 Rights and Terms of Conversion. This Debenture, in
whole or in part, may be converted at any time commencing on December 9, 2005, into shares of Common Stock at a price equal to the Conversion Price as described in Section 1.02 above. 
  
 Section 4.02 Re-issuance of Debenture. When the Holder elects to convert a part of the Debenture, then the
Company shall reissue a new Debenture in the same form as this Debenture to reflect the new principal amount. 
  
 Section 4.03 Termination of Conversion Rights. The Holder’s right to convert the Debenture into the Common Stock in accordance with
paragraph 1.02 shall terminate on 5 p.m. New York City time on the Maturity Date at which time this Debenture, shall be converted on that date into Conversion Shares at the Conversion Price set forth in Section 1.02 hereof, and the appropriate
shares of Common Stock shall be issued to the Holder. 
  
 ARTICLE V. 
  
 Section 5.01
Anti-dilution. In the event that the Company shall at any time subdivide the outstanding shares of Common Stock, or shall issue a stock dividend on the outstanding Common Stock, the Conversion Price in effect immediately prior to such
subdivision or the issuance of such dividend shall be proportionately decreased, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the Conversion Price in effect immediately prior to such combination
shall be proportionately increased, effective at the close of business on the date of such subdivision, dividend or combination as the case may be. 
  
 ARTICLE VI. 
  
 Section 6.01 Notice. Notices regarding this Debenture shall be sent to the parties at the following addresses, unless a party notifies the
other parties, in writing, of a change of address: 
  

					
	 If to the Company, to:
	  	 Lithium Technology Corporation

	 	  	 5115 Campus Drive

	 	  	 Plymouth Meeting, PA 19462

	 	  	 Attention:
	  	 John J. McGovern

	 	  	 Telephone:
	  	 (610) 940-6090

	 	  	 Facsimile:
	  	 (610) 940-6091

  

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	 With a copy to:
	  	 Gallagher, Briody & Butler

	 	  	 Princeton Forrestal Village

	 	  	 155 Village Blvd. – Suite 201

	 	  	 Princeton, NJ 08540

	 	  	 Attention:
	  	 Thomas P. Gallagher, Esq.

	 	  	 Telephone:
	  	 (609) 452-6000

	 	  	 Facsimile:
	  	 (609) 452-0090

		
	 If to the Holder:
	  	 _______________________

	 	  	 _______________________

	 	  	 _______________________

  
 Section 6.02
Governing Law. THIS DEBENTURE SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN DELAWARE WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS DEBENTURE, THE AGREEMENTS ENTERED INTO IN
CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. THE PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. THE PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY
MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT ANY PARTY’S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. THE
PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE
ARISING UNDER THIS DEBENTURE SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’ FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE. 
  
 Section 6.03 Severability. The invalidity of any of the provisions of this Debenture shall not invalidate or
otherwise affect any of the other provisions of this Debenture, which shall remain in full force and effect. 
  
 Section 6.04 Entire Agreement and Amendments. This Debenture represents the entire agreement between the parties hereto with respect to the
subject matter hereof and there are no representations, warranties or commitments, except as set forth herein. This Debenture may be amended only by an instrument in writing executed by the parties hereto. 
  

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 IN WITNESS WHEREOF, with the intent to be legally bound hereby, the Company as executed this
Debenture as of the date first written above. 
  

			
	LITHIUM TECHNOLOGY CORPORATION
		
	By:	 	 
	 Name:
	 	John J. McGovern
	 Title:
	 	Chief Financial Officer

  

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 Exhibit 4.7 
  
 EXHIBIT “A” 
  

NOTICE OF CONVERSION 
  
 (To be executed by the Holder in order to Convert the Debenture) 
  
 TO: 
  
 The undersigned hereby irrevocably elects to convert US$______________________________ of the principal amount of the above Debenture into Shares
of Common Stock of Lithium Technology Corporation, according to the conditions stated therein, as of the Conversion Date written below. 
  

			
		
	Conversion Date:	  	                                       
                                        
                                        
                                        
                            

		
	Signature:	  	                                       
                                        
                                        
                                        
                            

		
	Name:	  	                                       
                                        
                                        
                                        
                            

		
	Address:	  	                                       
                                        
                                        
                                        
                            

		
	Amount to be converted:	  	 US$                                      
                                        
                                        
                                        
                   

		
	Amount of Debenture
unconverted:	  	 US$                                      
                                        
                                        
                                        
                   

		
	Conversion Price per share:	  	 US$                                      
                                        
                                        
                                        
                   

		
	Number of shares of Common
Stock to be issued:	  	                                       
                                        
                                        
                                        
                            

		
	 Please issue the shares of

 Common
Stock in the following
name and to the following
 address:
	  	                                       
                                        
                                        
                                        
                            

		
	Issue to:	  	                                       
                                        
                                        
                                        
                            

		
	Authorized Signature:	  	                                       
                                        
                                        
                                        
                            

		
	Name:	  	                                       
                                        
                                        
                                        
                            

		
	Title:	  	                                       
                                        
                                        
                                        
                            

		
	Phone Number:	  	                                       
                                        
                                        
                                        
                            

		
	Broker DTC Participant Code:	  	                                       
                                        
                                        
                                        
                            

		
	Account Number:	  	                                       
                                        
                                        
                                        
                            

  

 A-1Form of  Warrant dated as of May 6, 2005

 Exhibit 10.56 
  
 THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NEITHER THIS WARRANT NOR ANY
OF SUCH SHARES MAY BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE, CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE
TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT. 
  

			
	 	  	Right to Purchase 200,000 Shares of Common Stock, $.01 par value per share

  
 STOCK PURCHASE
WARRANT 
  
 THIS CERTIFIES THAT, for value received,
BRIDGEHEAD PARTNERS, LLC or its registered assigns, is entitled to purchase from LITHIUM TECHNOLOGY CORPORATION, a Delaware corporation (the “Company”), Two Hundred Thousand (200,000) fully paid and nonassessable shares of
the Company’s Common Stock, $.01 par value per share (the “Common Stock”), at an exercise price per share equal to $0.064 (the “Exercise Price”). This Warrant is delivered in connection with the May 6, 2005 extension of the
Services Agreement between the Company and Bridgehead Partners, LLC dated June 1, 2004 (the “Services Agreement”). The term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder. The Warrant
Shares and the Exercise Price are subject to adjustment as provided in Paragraph 4 hereof. 
  
 This Warrant is subject to the following terms, provisions, and conditions: 
  
 1. Manner of Exercise; Issuance of Certificates; Payment for Shares. Subject to the provisions hereof, this Warrant may be exercised
by the holder hereof, in whole or in part, by the surrender of this Warrant, together with a completed exercise agreement in the form attached hereto (the “Exercise Agreement”), to the Company during normal business hours on any business
day at the Company’s principal executive offices (or such other office or agency of the Company as it may designate by notice to the holder hereof), and upon payment to the Company in cash, by certified or official bank check or by wire
transfer for the account of the Company of the Exercise Price for the Warrant Shares specified in the Exercise Agreement for the Warrant Shares specified in the Exercise Agreement. The Warrant Shares so purchased shall be deemed to be issued to the
holder hereof or such holder’s designee, as the record owner of such shares, as of the close of business on the date on which this Warrant shall have been surrendered, the 

  

 
completed Exercise Agreement shall have been delivered, and payment shall have been made for such shares as set forth above. Certificates for the Warrant
Shares so purchased, representing the aggregate number of shares specified in the Exercise Agreement, shall be delivered to the holder hereof within a reasonable time, not exceeding three (3) business days, after this Warrant shall have been so
exercised (the “Deadline”). The certificates so delivered shall be in such denominations as may be requested by the holder hereof and shall be registered in the name of such holder or such other name as shall be designated by such holder.
If this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the time of delivery of such certificates, deliver to the holder a new Warrant representing the number of shares
with respect to which this Warrant shall not then have been exercised. 
  
 2. Vesting Period of Exercise. This Warrant shall vest and be exercisable beginning on May 6, 2005 and shall terminate at 6:00 p.m., New York time on May 6, 2010 (the “Exercise Period”). 
  
 3. Certain Agreements of the Company. The Company hereby
covenants and agrees as follows: 
  
 (a)
Shares to be Fully Paid. All Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be validly issued, fully paid, and nonassessable and free from all taxes, liens, and charges with respect to the issue
thereof. 
  
 (b) Reservation of
Shares. During the Exercise Period, the Company shall at all times have authorized, and reserved for the purpose of issuance upon exercise of this Warrant, a sufficient number of shares of Common Stock to provide for the exercise of this
Warrant. 
  
 (c) Listing.
The Company shall promptly secure the listing of the shares of Common Stock issuable upon exercise of the Warrant upon each national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed
(subject to official notice of issuance upon exercise of this Warrant) and shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all shares of Common Stock from time to time issuable upon the exercise of
this Warrant; and the Company shall so list on each national securities exchange or automated quotation system, as the case may be, and shall maintain such listing of, any other shares of capital stock of the Company issuable upon the exercise of
this Warrant if and so long as any shares of the same class shall be listed on such national securities exchange or automated quotation system. 
  
 (d) Certain Actions Prohibited. The Company will not, by amendment of its charter or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all
times in good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all such action as may reasonably be requested by the holder of this Warrant in order to protect the exercise privilege of the holder of this
Warrant against dilution or other impairment, consistent with the tenor and purpose of this Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares of Common Stock receivable upon the
exercise of this Warrant above the Exercise Price then in effect, and (ii) will take all such actions 

  

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as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the
exercise of this Warrant. 
  
 (e)
Successors and Assigns. This Warrant will be binding upon any entity succeeding to the Company by merger, consolidation, or acquisition of all or substantially all the Company’s assets. 
  
 4. Antidilution Provisions. The Adjusted Exercise Price and the
number and kind of securities purchasable upon the exercise of the Warrant shall be subject to further adjustment from time to time upon the happening of certain events as follows: 
  
 (a) In case the Company shall (i) declare a dividend or make a distribution on its outstanding shares
of Common Stock in shares of Common Stock, (ii) subdivide or reclassify its outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify its outstanding shares of Common Stock into a smaller number of shares,
the Exercise Price in effect at the time of the record date for such dividend or distribution or of the effective date of such subdivision, combination or reclassification shall be adjusted so that it shall equal the price determined by multiplying
the Exercise Price by a fraction, the denominator of which shall be the number of shares of Common Stock outstanding after giving effect to such action, and the numerator of which shall be the number of shares of Common Stock immediately prior to
such action. Such adjustment shall be made each time any event listed above shall occur. 
  
 (b) Whenever the Exercise Price payable upon exercise of each Warrant is adjusted pursuant to Subsection (a) above, the number of
Shares purchasable upon exercise of this Warrant shall simultaneously be adjusted by multiplying the number of Shares initially issuable upon exercise of this Warrant by the Exercise Price in effect on the date hereof and dividing the product so
obtained by the Exercise Price, as adjusted. 
  
 (c) All calculations under this Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. Anything in this Section 4 to the contrary notwithstanding, the Company shall be entitled,
but shall not be required, to make such changes in the Exercise Price in addition to those required by this Section 4, as it shall determine, in its sole discretion, to be advisable in order that any dividend or distribution in shares of Common
Stock, or any subdivision, reclassification or combination of Common Stock, hereafter made by the Corporation shall not result in any Federal Income tax liability to the holders of the Common Stock or securities convertible into Common Stock
(including warrants). 
  
 (d) Whenever the
Exercise Price is adjusted, as herein provided, the Corporation shall promptly cause a notice setting forth the adjusted Exercise Price and adjusted number of Shares issuable upon exercise of each Warrant to be mailed to the Holder, at its last
address appearing in the Warrant Register. The Corporation may retain a firm of independent certified public accountants selected by the Board of Directors (who may be the regular accountants employed by the Corporation) to make any computation
required by this Section 4, and a certificate signed by such firm shall be conclusive evidence of the correctness of such adjustment. 
  
 5. Issue Tax. The issuance of certificates for Warrant Shares upon the exercise of this Warrant shall be made without charge to the holder
of this Warrant or such shares for any issuance tax or other costs in respect thereof, provided that the Company shall not be required to 

  

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pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other than the holder of this
Warrant. 
  
 6. No Rights or Liabilities as a
Shareholder. This Warrant shall not entitle the holder hereof to any voting rights or other rights as a shareholder of the Company. No provision of this Warrant, in the absence of affirmative action by the holder hereof to purchase Warrant
Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company. 
  
 7. Transfer, Exchange, and
Replacement of Warrant. 
  
 (a)
Restriction on Transfer. This Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with a properly executed assignment in the form attached hereto, at
the office or agency of the Company referred to in Paragraph 7(e) below, provided, however, that any transfer or assignment shall be subject to the conditions set forth in Paragraph 7(f) hereof. Until due presentment for registration of transfer on
the books of the Company, the Company may treat the registered holder hereof as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice to the contrary. 
  
 (b) Warrant Exchangeable for Different
Denominations. This Warrant is exchangeable, upon the surrender hereof by the holder hereof at the office or agency of the Company referred to in Paragraph 7(e) below, for new Warrants of like tenor representing in the aggregate the right to
purchase the number of shares of Common Stock which may be purchased hereunder, each of such new Warrants to represent the right to purchase such number of shares as shall be designated by the holder hereof at the time of such surrender. 

 
 (c) Replacement of Warrant. Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such loss, theft, or destruction, upon delivery of an indemnity agreement reasonably satisfactory in
form and amount to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, the Company, at its expense, will execute and deliver, in lieu thereof, a new Warrant of like tenor. 
  
 (d) Cancellation; Payment of Expenses.
Upon the surrender of this Warrant in connection with any transfer, exchange, or replacement as provided in this Paragraph 7, this Warrant shall be promptly canceled by the Company. The Company shall pay all taxes (other than securities transfer
taxes) and all other expenses (other than legal expenses, if any, incurred by the holder or transferees) and charges payable in connection with the preparation, execution, and delivery of Warrants pursuant to this Paragraph 7. 
  
 (e) Register. The Company shall
maintain, at its principal executive offices (or such other office or agency of the Company as it may designate by notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and address of the person in
whose name this Warrant has been issued, as well as the name and address of each transferee and each prior owner of this Warrant. 
  

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 (f) Exercise or Transfer Without Registration. If, at the time of
the surrender of this Warrant in connection with any exercise, transfer, or exchange of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder), shall not be registered under the Securities Act of 1933, as
amended (the “Securities Act”) and under applicable state securities or blue sky laws, the Company may require, as a condition of allowing such exercise, transfer, or exchange, (i) that the holder or transferee of this Warrant, as the case
may be, furnish to the Company a written opinion of counsel, which opinion and counsel are acceptable to the Company, to the effect that such exercise, transfer, or exchange may be made without registration under said Act and under applicable state
securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an “accredited investor” as defined in
Rule 501(a) promulgated under the Securities Act; provided that no such opinion, letter or status as an “accredited investor” shall be required in connection with a transfer pursuant to Rule 144 under the Securities Act. The first holder
of this Warrant, by taking and holding the same, represents to the Company that such holder is acquiring this Warrant for investment and not with a view to the distribution thereof. 
  
 8. Registration Rights. The Company shall register the Warrant Shares, at its expense, in connection with its
next offering of Common Stock, subject to any limitations or prohibitions on registration imposed by any Company investor. 
  
 9. Notices. All notices, requests, and other communications required or permitted to be given or delivered hereunder to the holder of this
Warrant shall be in writing, and shall be personally delivered, or shall be sent by certified or registered mail or by recognized overnight mail courier, postage prepaid and addressed, to such holder at the address shown for such holder on the books
of the Company, or at such other address as shall have been furnished to the Company by notice from such holder. All notices, requests, and other communications required or permitted to be given or delivered hereunder to the Company shall be in
writing, and shall be personally delivered, or shall be sent by certified or registered mail or by recognized overnight mail courier, postage prepaid and addressed, to the office of the Company at 5115 Campus Drive, Plymouth Meeting, Pennsylvania
19462, Attention: Chairman, or at such other address as shall have been furnished to the holder of this Warrant by notice from the Company. Any such notice, request, or other communication may be sent by facsimile, but shall in such case be
subsequently confirmed by a writing personally delivered or sent by certified or registered mail or by recognized overnight mail courier as provided above. All notices, requests, and other communications shall be deemed to have been given either at
the time of the receipt thereof by the person entitled to receive such notice at the address of such person for purposes of this Paragraph 9, or, if mailed by registered or certified mail or with a recognized overnight mail courier upon deposit with
the United States Post Office or such overnight mail courier, if postage is prepaid and the mailing is properly addressed, as the case may be. 
  
 10. Governing Law. THIS WARRANT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE
TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK
WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE 

  

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AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN
INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH
SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER THIS WARRANT SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’ FEES,
INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE. 
  
 11. Miscellaneous. 
  
 (a) Amendments. This Warrant and any provision hereof may only be amended by an instrument in writing signed by the Company and the holder hereof. 
  
 (b) Descriptive Headings. The descriptive headings of the several paragraphs of this
Warrant are inserted for purposes of reference only, and shall not affect the meaning or construction of any of the provisions hereof. 
  
 (c) Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm
to the holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Warrant will be inadequate and agrees, in the event of
a breach or threatened breach by the Company of the provisions of this Warrant, that the holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction
or injunctions restraining, preventing or curing any breach of this Warrant and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or other security being required.

  

 6 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized
officer. 
  

					
	LITHIUM TECHNOLOGY CORPORATION
		
	By:	 	 
	 	 	 Name:
	 	Andrew J. Manning
	 	 	 Title:
	 	Executive Vice President

  
 Dated: May 6, 2005 

 

  
 FORM OF EXERCISE AGREEMENT

  
 Dated:
                                 , 200_ 
  
 To:
                                        
         
  
 The
undersigned, pursuant to the provisions set forth in the within Warrant, hereby agrees to purchase                      shares of Common Stock
covered by such Warrant, and makes payment herewith in full therefor at the price per share provided by such Warrant in cash or by certified or official bank check in the amount of
$                    . Please issue a certificate or certificates for such shares of Common Stock in the name of and pay any cash for any
fractional share to: 
  

			
	Name:	 	 
		
	 Signature:
	 	 
	 Address:
	 	 
	 	 	 

									
					
	 	 	 	 	 	 	 Note:
	 	The above signature should correspond exactly with the name on the face of the within Warrant, if applicable.

  
 and, if said number of shares of
Common Stock shall not be all the shares purchasable under the within Warrant, a new Warrant is to be issued in the name of said undersigned covering the balance of the shares purchasable thereunder less any fraction of a share paid in cash.

  

  
 FORM OF ASSIGNMENT

  
 FOR VALUE RECEIVED, the undersigned hereby sells,
assigns, and transfers all the rights of the undersigned under the within Warrant, with respect to the number of shares of Common Stock covered thereby set forth hereinbelow, to: 
  

					
	 Name of Assignee

	 	 Address

	 	 No of Shares

  
 , and hereby irrevocably constitutes
and appoints
                                        
                                        
                     as agent and attorney-in-fact to transfer said Warrant on the books of the within-named corporation, with full power of
substitution in the premises. 
  
 Dated:
                             , 200_ 
  

											
	 In the presence of:
	 	 	 	 	 	 
					
	 	 	 	 	 	 	Name:	 	 
					
	 	 	 	 	 	 	 Signature:
	 	 
	 	 	 	 	 	 	 Title of Signing Officer or Agent (if any):

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 Address:
	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
						
	 	 	 	 	 	 	 	 	 Note:
	 	The above signature should correspond exactly with the name on the face of the within Warrant, if applicable.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]