FINANCING COMMITMENT

Letter of Credit

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VALENCE TECHNOLOGY INC | West Coast Venture Capital, Inc

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Title: FINANCING COMMITMENT
Date: 2/8/2007
Industry: Electronic Instr. and Controls

FINANCING COMMITMENT, Parties: valence technology inc , west coast venture capital inc

                                                                    EXHIBIT 10.1

VALENCE TECHNOLOGY, INC.

                                February 1, 2007

Mr. Carl E. Berg
West Coast Venture Capital, Inc.
10050 Bandley Drive
Cupertino, CA 95014

Re: Financing Commitment

Dear Mr. Berg:

This letter is entered into in connection with an agreement entered into by West
Coast Venture Capital, Inc. (WCVC) and Valence Technology, Inc. (Valence).

     Pursuant to the agreement re

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