Lithium Technology Corporation (LTHUQ)

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As previously reported in an amendment to Arch Hill Capital’s Schedule 13D dated December 14, 2012, Arch Hill Capital and Stichting Beheer Verdant II (formerly Stichting Gemeenschappelijk Bezit LTC) (“Stichting LTC” or the “Foundation” and, together with Arch Hill Capital, the “Arch Hill Parties”) increased their ownership of the Issuer’s Common Stock to 1,452,341,750 shares (the “LTC Shares”) through conversion of debt held by the Arch Hill Parties. Thereafter, the Arch Hill Parties and VRDT entered into a Share Exchange Agreement (the “Share Exchange Agreement”) dated as of December 14, 2012. Pursuant to the Share Exchange Agreement, VRDT agreed to issue 45,600,000 shares of the VRDT’s common stock to the Arch Hill Parties in exchange for the 1,452,341,750 LTC Shares held by the Arch Hill Parties. This proposed transaction was announced by VRDT in a Current Report on Form 8-K dated December 14, 2012.