Main articles: Contract number: ZH78241008004;Comprehensive Credit Facility Agreement • December 14th, 2010 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Maximum amount of credit facilities to be provided: RMB 120 million, including RMB 40 million for bank acceptance and RMB 80 million for discount on notes;
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Caitian Branch, Bank of Communications (the “Creditor”) Dated June 28, 2010...Comprehensive Credit Facility Agreement • December 14th, 2010 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
In the event of occurrence of any of the following during the term of loan, the Creditor is entitled to demand repayment of loan principal before maturity:
