Exhibit 10.32 CHINA BAK BATTERY, INC. NONQUALIFIED STOCK OPTION AGREEMENT This Nonqualified Stock Option Agreement (the "Agreement") is entered into between China BAK Battery, Inc., a Nevada corporation (the "Company"), and (the "Optionee") effective...Nonqualified Stock Option Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies • Nevada
Exhibit 10.29 Summary Translation ----------- Guaranty Contract of Maximum Amount Guarantee signed by and between Development Bank and the Company dated as of August 30, 2004 >> Contract number: Shenfa Longgang ebaozi No.20040830001. >> As guarantor,...Guaranty Contract • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Guaranty Contract of Maximum Amount Guarantee signed by and between Development Bank and the Company dated as of August 30, 2004 >> Contract number: Shenfa Longgang ebaozi No.20040830001. >> As guarantor, the Company undertakes to assume joint and several responsibilities to secure performance of the contract for the discounted commercial drafts facilities (principal contract) signed by and between Shenzhen Tongli Precision Pressed Product Co. Ltd.("Shenzhen Tongli") "and Development Bank which include the loan principal, interest, penalty interest, expenses for the Lender to realize its creditor's rights, and maximum secured amount for the loan principal is RMB10 million. >> Guaranty period starts from the signing date of this Guaranty Contract and ends in two years time from expiry of each credit facility used under the principal contract.
Translation ----------- Guaranty Contract of Maximum Amount Shenfa Longgang E'bao Zi 20050407001 Party A: Longgang Branch, Shenzhen Development Bank (Creditor) Address: A1, Xinyazhou Park, Central Town, Longgang District, Shenzhen Telephone: 28952003...Guaranty Contract of Maximum Amount • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Translation ----------- Personal Guaranty Contract of Maximum Amount No. Shen Shangyin (Shuibei) Shouxin Gebao Zi (2005) A110020500006 Creditor: Shuibei Division, Shenzhen Commercial Bank Address: 2028, Wenjin Bei Rd, Shenzhen Guarantor: Li Xiangqian...Personal Guaranty Contract • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Translation ----------- Guaranty Contract of Maximum Amount No. (Shenzhen Longgang) Nongyin Gaobaozi (200502379999) Creditor: Shenzhen Longgang Branch, Agricultural Bank of China Guarantor: Li Xiangqian Whereas: Shenzhen BAK Battery Co., Ltd....Guaranty Contract • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Summary ------- Comprehensive Credit Facility Agreement of Maximum Amount Entered Between the Company and Agricultural Bank Summary of the main contents >> Contract number: (Shenzhen Longgang Nongyin Shouzi No.20050237000; >> Maximum amount for credit...Comprehensive Credit Facility Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
>> Contract number: (Shenzhen Longgang Nongyin Shouzi No.20050237000; >> Maximum amount for credit facilities to be provided: RMB50 million; >> Term: from July 29th, 2005 to January 29, 2006; >> Interest rate of loan shall be subject to each loan agreement/contract to be signed; >> Purpose: Working capital; >> Adjustment of credit can be made by Agricultural Bank under the any of the following: |X| The Company suffers severe operational risk or its financial situation severely deteriorates; |X| Guarantor's payment ability is obviously weakened or value of pledged collaterals decreases obviously; |X| Occurrence of other instances which make Agricultural Bank think adjustment of credit facility is necessary. >> Breach of contract penalty: adjustment of credit, cancellation of unused credit, imposition of punitive interest, demand prepayment of loan and other measures; >> Special terms: This line of credit is added on the basis of the line of credit of 200 million yuan.
Summary ------- Loan Agreement signed by and between the Company and Agricultural Bank on July 29th, 2005. Main contents >> Contract number: Shenzhen Longgang Nong Jie Zi NO.81101200500000995. >> Loan Principal: RMB 50 million; >> Loan term: from July...Loan Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Main contents >> Contract number: Shenzhen Longgang Nong Jie Zi NO.81101200500000995. >> Loan Principal: RMB 50 million; >> Loan term: from July 29th, 2005 to January 29, 2006. >> Interest rate: fixed rate of 5.2722%; |X| Penalty interest rate for delayed repayment: 5.2722% plus 50% *5.2722%; |X| Penalty interest rate for embezzlement of loan proceeds: 5.2722% * 2; >> Repayment: interest is payable monthly (20th); principal is payable on January 29, 2006; >> Purpose of the loan is to provide working capital for the Company; >> Advanced repayment of loan needs to be approved by the Lender; >> Breach of contract penalties: suspension of loan un-provided, demand prepayment of loan principal and interest before maturity; imposition of punitive interest; compensation for the Lender's expenses incurred due to the Company's breach of contract such as lawyer's fee, travel cost in case of litigation, etc.
Summary ------- Comprehensive Credit Facilities Agreement by and between Shenzhen BAK Battery Co., Ltd.and Development Bank dated as of April 7, 2005. Main contents >> Contract number: Shenfa Longgang zongzi NO.20050407001. >> Contract term: from...Comprehensive Credit Facilities Agreement • August 19th, 2005 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Comprehensive Credit Facilities Agreement by and between Shenzhen BAK Battery Co., Ltd.and Development Bank dated as of April 7, 2005.
