Battery Pack Issue

Battery Pack Issue. Means (a) any battery packs the Company supplied, or agreed to supply, to Phoenix and the Company's offer of a warranty replacement to Phoenix with respect to such battery packs or components thereof, (b) the theory, concern or problem that battery packs of the type supplied to Phoenix for use in vehicles contain a design flaw that could create a thermal event under certain circumstances, (c) any accounting adjustments, including inventory write-offs, revenue adjustments, expense adjustments or... increases to warranty reserves, arising from (a) or (b) above; and (d) any representations, warranties, statements, acts or omissions regarding (a), (b) or (c) above, the Company's relationship with Phoenix, orders from Phoenix or the potential for any orders or revenues in the future from Phoenix. View More