Comprehensive Credit Facility Agreement of Maximum Amount
(“CreditFacility Agreement”) Entered into by and between
BAK International (Tianjin)Limited (“the Company”) and
Tianjin Branch, Bank of Dalian (the “Creditor”) Dated November 22,
2011
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Contract number: DLQ Jin201111210022; |
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Maximum amount of credit facilities
to be provided: XXX 00 xxxxxxx; |
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Xxxx: from November 22, 2011 to
November 21, 2012; |
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Purpose of the loan is to provide
working capital for the Company; |
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If any of the following occurs, the
Creditor is entitled to demand adjustment of the maximum amount of credit
facilities: |
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The Company provides unture materials; |
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The Company uses loan proceeds for purposes
other than what is agreed without the consent of the Creditor; |
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The financial condition of the Company is in
serious difficulty; |
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The Company does not carry out its obligations; |
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Occurrence of other instances which endangers
or may endanger the safety of the loan provided by the Creditor; |
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Remedies in the event of breach of
contract include adjustment of the credit amount, suspension of credit,
and cancel the credit unprovided. |
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The procedure on using the comprehensive credit
facility |
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Guaranty |
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The obligations of the Creditor |
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The obligations of the Company |
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Declaration and undertaking of the Company |
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Increase to the maximum amount of credit
facilities |
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Amendment and termination of Contract |
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Supplemental Agreement |
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Disputation settlement Validity |
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Validity |
