Document:

Letter Agreement with Cornell Capital Partners, L.P. dated March 21, 2006

 Exhibit 10.62 
 Cornell Capital Partners, LP 
 101 Hudson Street, Suite 3700 
 Jersey City, New Jersey 07302 
 March 21, 2006 
 Lithium Technology Corporation 
 5115 Campus Drive 
 Plymouth Meeting, PA 19462-1129 
 Attention: Andrew J. Manning 
  

	 	Re:	Secured Convertible Debenture, Warrants and Investor Registration Rights Agreement Each Dated October 7, 2005 

 Dear Dr. Manning: 
 Lithium Technology Corporation, a Delaware corporation (the “Obligor”) and Cornell Capital Partners, LP (the “Holder”) entered into a Securities Purchase Agreement (“Securities Purchase
Agreement”) dated October 7, 2005, pursuant to which the Obligor issued and sold to the Holder a secured convertible debenture (the “Debenture”) in the principal sum of Three Million Dollars ($3,000,000) and issued to
the Holder five-year warrants to purchase 20,000,000 shares of common stock at the following exercise prices: 10,000,000 at $0.06 per share, 5,000,000 at $0.07 per share and 5,000,000 at $0.10 per share (the “Warrants”). 

In connection with the issuance of the Debenture, the Obligor and the Holder entered into an Investor Registration Rights Agreement dated
October 7, 2005, (“Registration Rights Agreement”) pursuant to which the Obligor agreed to file a Registration Statement (“Registration Statement”), with the United States Securities and Exchange Commission
(“SEC”) within ninety days of October 7, 2005 and a Pledge and Escrow Agreement dated October 7, 2005 (the “Pledge and Escrow Agreement”) pursuant to which the Obligor has pledged to the Holder 250,000,000
shares of Obligor’s Common Stock as security for the Obligor’s obligations under the Debenture (the “Pledged Shares”). 
 The terms of the Debenture and Warrants, Pledge and Escrow Agreement and Registration Rights Agreement were amended pursuant to a Letter of Amendment dated January 31, 2006. The Parties desire to further amend the terms of the
Debenture and Warrants and Registration Rights Agreement as set forth in this Second Letter of Amendment. 
 All capitalized terms not
defined herein shall have the meaning assigned to them in the Debenture or the Registration Rights Agreements. 

 Lithium Technology Corporation 
 March 21, 2006 
 Page 2 
  

 The Parties hereby agree as follows: 
  

	 	1.	Debenture and Warrants. 

  

	 	a.	The Debenture is amended as follows: 

  

	 	(1)	All Scheduled Payments of principal and accrued interest on the Debenture otherwise due on or before March 15, 2006 shall be due on June 15, 2006 (the “Early
Maturity Date”). 

  

	 	(2)	In the event the Obligor closes on any debt or equity financing (a “New Financing”), the Obligor shall use fifty percent (50%) of such proceeds to repay
principal and interest outstanding under the Debenture. 

  

	 	(3)	In the event the Obligor does not repay all outstanding principal and accrued interest on the Debenture on the Early Maturity Date, the Obligor shall repay $1,800,000 of principal
and accrued interest on June 15, 2006 and repay the balance of the outstanding principal and interest on the Debenture over four (4) equal monthly payments commencing July 1, 2006 until October 1, 2006. 

 

	 	(4)	The Debenture shall be convertible from the date hereof and subject to four (4) business days’ advanced written notice from the Holder to the Obligor (the “Advance
Conversion Notice”) of its intention to convert. After June 15, 2006, the Holder shall be entitled to convert the Debenture into Common Stock by providing a Conversion Notice (as defined in the Debenture) without first providing the
Obligor with an Advance Conversion Notice. 

  

	 	(5)	The Conversion Price at which the Holder may convert the outstanding principal and interest due to Holder under the Debenture into shares of Obligor common stock shall be reduced
from $0.06 to $0.03, provided, however, that upon the occurrence of an Event of Default under the Debenture the Holder may convert the outstanding principal and interest due to Holder under the Debenture into shares of Obligor common stock at the
Conversion Price of $0.0128. 

  

	 	(6)	 The Obligor shall have the right, at any time at its option, including after receipt of an Advance Conversion Notice (and before the expiration of the four business
day advance notice period), to redeem a portion or all amounts outstanding under the Debenture in an amount equal to the principal amount to be redeemed and the accrued interest thereon (the “Early Redemption Amount”) subject to two
(2) business days’ advanced written notice for any redemption on or before June 15, 2006 and subject to three (3) business days’ advanced written notice for any redemption after June 15, 2006 (in either case, the
“Early Redemption Notice”) and a 

 Lithium Technology Corporation 
 March 21, 2006 
 Page 3 
  

	 	 
payment of a premium equal to fifteen percent (15%) of the Early Redemption Amount from the Obligor to the Holder. 

  

	 	b.	The Warrants are amended as follows: 

  

	 	(1)	The Warrants shall be exercisable to purchase an additional 20,000,000 shares of common stock for a total of 40,000,000 shares. 

  

	 	(2)	The exercise price of the 40,000,000 Warrant Shares shall be $0.03 per share, provided, however that in the event the Obligor does not repay all outstanding principal and accrued
interest on the Debenture on the Early Maturity Date, then on the Early Maturity Date the exercise price of the Warrants shall be reduced to $0.0128 on a pro-rata basis in relation to the amount of principal of the Debenture not repaid by the
Obligor as of the Early Maturity Date. (By way of example, if $1,500,000 in principal of the Debenture has not been repaid by the Obligor by the Early Maturity Date, the exercise price of 50% of the Warrants shall be reduced to $0.0128 per share and
the exercise price of the remaining 50% of the Warrants shall remain at $0.03 per share.) 

  

	 	2.	Investor Registration Rights Agreement. 

  

	 	a.	The term “Registrable Securities” (as defined in Section 1(c) of the Registration Rights Agreement) shall be amended to mean (i) 250,000,000 shares of Common
Stock issuable to the Investors upon conversion of the Convertible Debentures at the reduced exercise price of $0.03 or at the reduced exercise price of $0.0128 if an Event of Default occurs and remains uncured under the Debenture or issuable to the
Holder under the Pledge and Escrow Agreement, and (ii) the Warrant Shares (as these terms are defined in the Securities Purchase Agreement). It is understood that the term Warrant Shares includes the additional 20,000,000 shares as to which the
Warrant is now exercisable pursuant to the terms of this Second Letter of Amendment. 

  

	 	b.	The Obligor shall file with the SEC within 30 days of the date hereof an amended Registration Statement disclosing the amended terms of the Debenture and Warrants, Pledge and Escrow
Agreement and Registration Rights Agreement to the extent applicable and covering the additional 20,000,000 shares as to which the Warrant is now exercisable pursuant to the terms of this Second Letter of Amendment. 

  

	 	3.	Fees. 

  

	 	a.	In consideration of the foregoing, the Obligor shall pay the Holder the balance of the fee due under the January 31, 2005 amendment. 

 Lithium Technology Corporation 
 March 21, 2006 
 Page 4 
  

 Please indicate your agreement to the foregoing by signing below where indicated. 
  

			
	Sincerely,
	
	 Cornell Capital Partners, LP
 By: Yorkville
Advisors, LLC
 Its: General Partner

		
	By:	 	/s/ Mark Angelo
		 	Mark Angelo
		 	President and Portfolio Manager

  

			
	 Agreed and Acknowledged on March 21, 2006

	
	 Lithium Technology Corporation

		
	By:	 	/s/ Andrew J. Manning
		 	 Andrew J. Manning
 President and Chief Operating OfficerFifth Amendment to Lease, dated March 31, 2006

 Exhibit 10.63 
 FIFTH AMENDMENT TO LEASE 
 The Fifth Amendment to Lease is made this 31st day of March, 2006 by and between PMP Whitemarsh Associates, a Pennsylvania Limited Partnership, (hereinafter referred to as
“Landlord”) and Lithium Technology Corporation, (hereinafter referred to as “Tenant”). 
 WHEREAS, Landlord and
Hope Technologies, Inc., did enter into a Lease agreement and Addendum hereinafter referred to as the “Lease” dated July 22, 1994 for the use and occupancy of Certain Premises known as 5115 Campus Drive, Plymouth Meeting,
Pennsylvania, (hereinafter referred to as the “Premises”); and 
 WHEREAS, Lithium Technology Corporation did become the
successor to Hope Technologies, Inc.; and 
 WHEREAS, Lithium Technology Corporation has agreed to the terms of the Lease and Addendum
reference above; and 
 WHEREAS, Landlord and Tenant have by letter agreements, dated May 4, 1999, September 14,
1999, February 3, 2000 and December 22, 2000 extended the term of the Lease Agreement; and 
 WHEREAS, Landlord and
Tenant did enter into a First Amendment to Lease dated March 19, 2001; and 
 WHEREAS, Landlord and Tenant did enter into a
Second Amendment to Lease dated March 21, 2003; and 
 WHEREAS, Landlord and Tenant did enter into a Third Amendment to Lease
dated March 16, 2004; and 

 WHEREAS, Landlord and Tenant did enter into a Fourth Amendment to Lease dated March 31, 2005;
and 
 WHEREAS, that Fourth Amendment to the Lease will terminate on March 31, 2006; and 
 WHEREAS, Tenant has advised Landlord that it wishes to renew the lease for a one (1) year period; and 
 WHEREAS, the Landlord is willing to grant such renewal; and 
 WHEREAS, Landlord and Tenant do hereby intend to amend and modify the Lease Agreement and Addendum; 
 NOW THEREFORE, in consideration of the mutual covenants, conditions, understandings, agreements, representations and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties
hereto, with the intent of being legally bound hereby agree as follows: 
  

	 	1.	TERM 

 The term of the lease shall be
extended for a period of one (1) year commencing on April 1, 2006 and ending on March 31, 2007. The minimum annual rent, which will increase during this renewal shall be as follows in paragraph 2. 
  

	 	2.	RENT 

 The minimum amount rent for the
premises shall be: 
  

									
	 	  	 	  	Base Month	  	Base Annual
	 a. 1st
Year
	  	$12.75 per square foot	  	$	13,005.00	  	$	156,060.00

  

	 	3.	TAXES 

 Tenant shall on a
monthly basis pay to Landlord in addition to rent and 

  

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any additional rent required by the terms of the Lease and Amendments thereto, a payment of 1/12 of the annual taxes, (state, county and municipality) due on
the premises. Landlord will escrow these payments until payment of the Taxes is due. 
  

	 	4.	OPTION 

 The Landlord and the
Tenant agree that there shall be no option to extend the term of the lease as set forth in paragraph 1 above, unless it is extended in writing by mutual agreement of the parties. 
  

	 	5.	RENT PAYMENT AND NOTICES 

 Wherever in the Lease agreement, addendum, or any Amendments thereto, reference is made to Tenant, such reference shall be to the present Tenant, Lithium Technology Corporation. Further, whenever in the Lease agreement or any Amendments
thereto, it shall be required or permitted that notice or demand is given or served by either party to this Lease to or on the other party, such notice or demand shall be deemed to have been duly given or served or forwarded by Certified Mail,
return receipt requested, postage prepaid or by a nationally recognized overnight courier system and addressed as follows: 
  

			
	 to Landlord:
	  	 with a copy to:

		
	PMP WHITEMARSH ASSOCIATES	  	PATRICK G. MURPHY, ESQUIRE
	P.O. BOX 797	  	KELLEY & MURPHY
	GWYNEDD VALLEY, PA 19437-0797	  	SUITE 160, 925 HARVEST DRIVE
	ATTN: CHARLES F. MURPHY	  	BLUE BELL, PA 19422
		
	to Tenant:	  	
		
	LITHIUM TECHNOLOGY CORPORATION	  	
	 5115 CAMPUS DRIVE
 PLYMOUTH MEETING,
PA
	  	
	ATTN: DANIEL SWANKOSKI	  	

  

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	 	6.	EXECUTION OF DOCUMENT 

 Tenant agrees that should it be acquired or merged into another business that it will cause to be executed, any documents which Landlord reasonably requires to confirm the Lease agreement and any Amendment thereto. 
  

	 	7.	RATIFICATION OF LEASE AGREEMENT 

 Except as expressly amended herein, all terms and conditions in the Lease, as amended, shall remain in full force and effect including, without limitation Lessee obligations to make the required payments of additional rent as set out in the
Lease and Addendum between the parties without change or modification and all such terms of the Lease agreement, Addendum or Amendments thereto, are hereby ratified and confirmed. 
  

									
	“LANDLORD”	 		 	“TENANT”
			
	PMP WHITEMARSH ASSOCIATES	 		 	LITHIUM TECHNOLOGY CORPORATION
					
	BY:	 	/s/ Charles F. Murphy	 		 	BY:	 	/s/ Andrew J. Manning 
		 	CHARLES F. MURPHY	 		 		 	ANDREW J. MANNING

  

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