-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LErZ5UkKUG8ZuLRrwNVXHClDXC/5igF1oWQdgCbnxuyernzL0nVUNmoS6mV+5OBu 7wZz9wRzuXkfHzoKGTbdOQ== 0000902664-09-004123.txt : 20091223 0000902664-09-004123.hdr.sgml : 20091223 20091223172951 ACCESSION NUMBER: 0000902664-09-004123 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20091223 DATE AS OF CHANGE: 20091223 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENERGY FOCUS, INC/DE CENTRAL INDEX KEY: 0000924168 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 943021850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48205 FILM NUMBER: 091259076 BUSINESS ADDRESS: STREET 1: 32000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 BUSINESS PHONE: 5104900719 MAIL ADDRESS: STREET 1: 32000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 FORMER COMPANY: FORMER CONFORMED NAME: FIBERSTARS INC /CA/ DATE OF NAME CHANGE: 19940527 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIKER MANAGEMENT LLC CENTRAL INDEX KEY: 0001276525 IRS NUMBER: 043616914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 745 FIFTH AVENUE STREET 2: SUITE 1409 CITY: NEW YORK STATE: NY ZIP: 10151 BUSINESS PHONE: 2129040321 MAIL ADDRESS: STREET 1: 745 FIFTH AVENUE STREET 2: SUITE 1409 CITY: NEW YORK STATE: NY ZIP: 10151 SC 13D/A 1 p09-2062sc13da.txt ENERGY FOCUS, INC. SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) Energy Focus, Inc. ------------------------------------------------------ (Name of Issuer) Common Stock, $0.0001 par value per share ------------------------------------------------------ (Title of Class of Securities)) 29268T102 ------------------------------------------------------ (CUSIP NUMBER) Eleazer N. Klein, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 (212) 756-2000 ------------------------------------------------------ (Name, address and telephone number of person authorized to receive notices and communications) December 22, 2009 ------------------------------------------------------ (Date of event which requires filing of this statement)) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 12 Pages) - -------------------------------------------------------------------------------- The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 29268T102 13D/A Page 2 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Micro-Value QP Fund, LP - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 1,073,972 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 1,073,972 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,073,972 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.35% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 3 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Micro-Value Fund, LP - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 1,049,920 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 1,049,920 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,049,920 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.23% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 4 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Micro & Small Cap Fund, LP - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 564,722 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 564,722 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 564,722 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.81% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 5 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker M&S Cap Master, Ltd. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 218,494 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 218,494 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 218,494 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.09% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) CO - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 6 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker GP, LLC - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,907,108 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.48% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) OO - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 7 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Management, LLC - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,907,108 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.48% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) IA - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 8 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Charles M. Diker - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,907,108 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.48% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 9 of 12 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Mark N. Diker - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,907,108 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,907,108 shares of Common Stock - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.48% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 29268T102 13D/A Page 10 of 12 Pages This Amendment No. 1 (the "Amendment") amends the statement on Schedule 13D filed on November 13, 2009 (the "Original Schedule 13D", and the Original Schedule 13D as amended, the "Schedule 13D") relating to the common stock, par value $0.0001 per share (the "Common Stock") of Energy Focus, Inc., a Delaware corporation (the "Company"). Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Original Schedule 13D. This Amendment amends Items 4, 6 and 7 as set forth below. Item 4. Purpose of the Transaction. Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: On December 22, 2009, Diker Management entered into a letter agreement (the "December Letter Agreement") with the Company pursuant to which Diker Management and the Company confirmed the mechanics of the agreement under the Letter Agreement. Pursuant to the Letter Agreement, in the event that certain conditions were not satisfied by 45 days after October 28, 2009, Diker Management has the right to cancel its subscription in the Rights Offering and return the shares purchased in the Rights Offering. The conditions set forth in the Letter Agreement were not satisfied by 45 days after October 28, 2009 and the December Letter Agreement documents the terms of the repayment and sale of the shares purchased in the Rights Offering by Diker Management. A copy of the December Letter Agreement is attached hereto as Exhibit 3 and is incorporated herein by reference. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Schedule 13D is hereby amended and restated as follows: As described in Item 4 above, on December 22, 2009, Diker Management entered into the December Letter Agreement, attached hereto as Exhibit 3, with the Company. Other than the Letter Agreement, the Joint Filing Agreement and the December Letter Agreement there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits. Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Exhibit 3: Letter Agreement dated December 22, 2009 by and between the Company and Diker Management. CUSIP No. 29268T102 13D/A Page 11 of 12 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: December 23, 2009 DIKER GP, LLC By: /s/ Mark N. Diker ------------------------------ Name: Mark N. Diker Title: Managing Member DIKER MANAGEMENT, LLC By: /s/ Mark N. Diker ----------------------------- Name: Mark N. Diker Title: Managing Member DIKER MICRO-VALUE FUND, LP By: Diker GP, LLC, Its General Partner By: /s/ Mark N. Diker ----------------------------- Name: Mark N. Diker Title: Managing Member DIKER MICRO-VALUE QP FUND, LP By: Diker GP, LLC, Its General Partner By: /s/ Mark N. Diker ------------------------------ Name: Mark N. Diker Title: Managing Member DIKER MICRO & SMALL CAP FUND, LP By: Diker GP, LLC, Its General Partner By: /s/ Mark N. Diker ------------------------------ Name: Mark N. Diker Title: Managing Member CUSIP No. 29268T102 13D/A Page 12 of 12 Pages DIKER M&S CAP MASTER LTD. By: Diker GP, LLC, Its General Partner By: /s/ Mark N. Diker ------------------------------ Name: Mark N. Diker Title: Managing Member /s/ Charles M. Diker ------------------------------ CHARLES M. DIKER /s/ Mark N. Diker ------------------------------ MARK N. DIKER EX-99 2 p09-2062exhibit.txt EXHIBIT Diker Management LLC 745 Fifth Avenue, Suite 1409 New York, New York, 10151 December 22, 2009 Energy Focus, Inc. 32000 Aurora Road Solon, Ohio 44139 Re.: Energy Focus, Inc. Shares of Common Stock Gentlemen: Reference is made to our letter of October 28, 2009 ("October Letter") relating to Energy Focus' Subscription Rights Offering, in which we agreed that Energy Focus would repurchase from Diker Management and its affiliates shares that they had purchased in the Offering if the two conditions contained in the October Letter had not been satisfied. This letter will confirm our understanding and agreement relating to our rights and obligations in the October Letter. The October Letter will be deemed satisfied if: (i) By 11:59 p.m. Eastern Standard Time on Thursday, December 24, 2009 (the "Initial Deadline"), Diker has received $750,000.00 for the repurchase of 1,000,000 of its Energy Focus shares. Energy Focus will use all reasonable efforts in good faith to have those shares repurchased for that amount by that date and time. An escrow account may be used for the execution of the transaction. Upon receipt of the purchase price, Diker shall simultaneously or as soon as possible transfer ownership of the shares to the escrow; or (ii) If the shares have not been purchased by the Initial Deadline, no later than 11:59 pm EST on Monday, December 28, 2009 (the "Final Deadline"), Energy Focus itself will fund the escrow and have the escrow agent purchase the shares from Diker with those funds. If the purchase price has been received by Diker by the extended deadline, all Energy Focus obligations in the October Letter shall be deemed satisfied. If this letter accurately sets forth our understanding and agreement, please sign it in the space provided and return to us a signed copy of it. ENERGY FOCUS, INC. DIKER MANAGEMENT LLC By /s/ Joseph G. Kaveski By /s/ MARK N. DIKER ----------------------- ---------------------------- Joseph G Kaveski Mark N. Diker CEO Chief Financial Officer Date 12/22/09 Date 12/22/09 --------- ----------- -----END PRIVACY-ENHANCED MESSAGE-----