Contract
Comprehensive Credit
Facility Agreement of Maximum Amount (“Credit Facility
Agreement”)
Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Caitian Branch,
Bank of Communications (the “Creditor”) Dated April 26, 2009
Main
articles:
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Contract
number: 4431702009C000000000;
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Maximum
amount of credit facilities to be provided: XXX 000
xxxxxxx;
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X
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Xxxx:
from March 25, 2009 to March 25,
2010;
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Purpose
of the loan is to provide working capital for the
Debtor;
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Remedies
in the event of breach of contract include adjustment of the credit
amount, suspension of credit, imposition of punitive interest and overdue
interest, an increase of guarantee deposit and the call back of loan
principal and interest before
maturity.
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Headlines
of the articles omitted
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Definitions
and explanations
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Prerequisite
for using the comprehensive credit
facility
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Procedure
on using the comprehensive credit
facility
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Declaration
and Guarantee of the Debtor
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Obligations
of the Debtor
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Transferring
of the credit facility under the maximum
amount
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Disputation
settlement
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Fee
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Attachment
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Validity
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Notification
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