Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Company”) and Shenzhen Longgang Branch, Shenzhen Development Bank (the “Creditor”) Dated June 5,...Comprehensive Credit Facility Agreement • August 9th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
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.
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between BAK International (Tianjin) Limited (“the Company”) and Tianjin Branch, China Bohai Bank (the “Creditor”) Dated May 29, 2012 Main articles:Comprehensive Credit Facility Agreement • August 9th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
In the event of occurrence of any of the following during the term of credit, the Creditor is entitled to demand adjustment of credit:
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Company”) and Shenzhen Branch, China Citic Bank (the “Creditor”) Dated June 13, 2012 Main articles:Comprehensive Credit Facility Agreement • August 9th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Contract number: (2012) Shenyinsun Zongzi 003; Maximum amount of credit facilities to be provided: RMB 75 million; Term: from June 13, 2012 to June 13, 2013. 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.
