Amendment to Insider Warrant Purchase Agreement between Taliera Holdings, LLC and Taliera Corporation

Contract Categories: Business Finance › Warrant Agreements
Summary

Taliera Holdings, LLC has agreed to purchase an additional 250,000 Insider Warrants from Taliera Corporation at $1.20 per warrant, totaling $300,000. This amends previous agreements to increase the number of warrants purchased, with all other terms remaining unchanged. The agreement is signed by representatives of Taliera Holdings, LLC, Taliera Corporation, and Morgan Joseph & Co. Inc.

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EX-10.22 9 a2176417zex-10_22.htm EX-10.22

Exhibit 10.22

February 27, 2007

To the Board of Directors of
Taliera Corporation

Gentlemen:

        The undersigned previously subscribed for and agreed to purchase 1,416,667 Warrants ("Insider Warrants") at $1.20 per Insider Warrant, of Taliera Corporation (the "Corporation") for an aggregate purchase price of $1,700,000 ("Purchase Price"), pursuant to terms set forth in Letter Agreements dated July 28, 2006, December 7, 2006 and January 10, 2007 (the "Letter Agreement"). This agreement amends the Letter Agreement to provide for the undersigned's agreement to purchase an additional 250,000 Insider Warrants in accordance with the same terms in the Letter Agreement.

        The undersigned hereby agrees to purchase an additional 250,000 Insider Warrants at $1.20 per Insider Warrant, for and aggregate purchase price of $300,000 all in accordance with the terms of the Letter Agreement. In all other respects, the terms of the Letter Agreement remain in full force and effect.


 
 
Very truly yours,

 
 
TALIERA HOLDINGS, LLC

 
 
By:
/s/ J. SMOKE WALLIN
J. Smoke Wallin, CEO

Agreed
 
 

TALIERA CORPORATION
 
 

By:
/s/ J. SMOKE WALLIN
J. Smoke Wallin, CEO
 
 

MORGAN JOSEPH & CO. INC.
 
 

By:
/s/ JEFFREY SIEGLEN
Name: Jeffrey Sieglen
Title: Managing Director