Credit Facility AgreementCredit Facility Agreement • February 6th, 2008 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
In order to develop the long-term, stable, mutual benefit cooperation relationship between Party A and Party B, both parties have entered into this Agreement under the principle of voluntaries, equity, mutual benefits and trustworthiness.
Pledge Contract of Maximum Amount (Credit Facility)Pledge Contract of Maximum Amount (Credit Facility) • February 6th, 2008 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
This agreement is signed for guaranty to the balance of every single credit facility or foreign currency of the equal value of the confirmed total of main credit’s rights of not exceeding RMB 450,000,000.00 yuan from November 1, 2007 to November 1, 2008 which are stipulated in the Credit Facility Agreement of No. (2007) Zhen Zhong Yin E Xie Zi No. 000274.
Guaranty Contract of Maximum Amount (Credit Facility)Guaranty Contract of Maximum Amount (Credit Facility) • February 6th, 2008 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
On the request of the credit facility applicant, Shenzhen BAK Battery Co., Ltd (hereinafter referred to as the “Applicant”), Party A undertakes to provide guaranty for the indebtedness under the Credit Facility Agreements of the Applicant voluntarily in order that the Applicant could obtain the credit facility support from Party B. Party A also confirms that all terms of the Credit Facility Agreement which he guarantees, including the use of division sum within the total credit facility. In order to clarify both party’s rights and liabilities, Party A and Party B reach this agreement under the friendly negotiation.
