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 Longgang Branch, Shenzhen
Development
Bank (the “Creditor”) Dated December 8th, 2008
Main
articles:
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Contract
number: Shenfa Longgang Zongzi
20081203001;
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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 December 8, 2008 to December 8,
2009.
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Purpose
of the loan is to provide working capital for the
Company;
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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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The
procedure on using the comprehensive credit
facility
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The
declaration and promise 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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Validity
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Notification
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