Comprehensive Credit Facility Agreement of Maximum Amount (“CreditFacility Agreement”) Entered into by and between BAK International (Tianjin)Limited (“the Company”) and Tianjin Branch, Bank of Dalian (the “Creditor”) Dated November 22, 2011Comprehensive Credit Facility Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» If any of the following occurs, the Creditor is entitled to demand adjustment of the maximum amount of credit facilities:
Summary of Loan Agreement Entered into by and between BAK International (Tianjin) Limited (“the Company”) and Tianjin Branch, Bank of Dalian (the “Creditor”) Dated November 24, 2011Summary of Loan Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» Floating interest rate: Interest rate of loan shall be 130% of the benchmark rate announced by the People’s Bank of China, and be adjusted in line with the adjustment of the benchmark rate;
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Eastern Branch, Agricultural Bank of China (the “Creditor”) Dated November...Comprehensive Credit Facility Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» If any of the following occurs, the Creditor is entitled to demand adjustment of the maximum amount of credit facilities:
Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and Longgang Branch, Shenzhen Development Bank Co., Ltd (the “Creditor”) Dated October 19, 2011Loan Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» Floating interest rate: Interest rate of loan shall be 107% of the benchmark rate announced by the People’s Bank of China, and be adjusted every 3 months;
Summary of Mortgage Contract of Maximum Amount ( the “Contract”) Entered intoby and between Shenzhen BAK Battery, Co., Ltd (the “Mortgager”) and Shenzhen Eastern Branch, Agricultural Bank of China (the “Creditor”) Dated November 30, 2011China Bak Battery Inc • February 8th, 2012 • Miscellaneous electrical machinery, equipment & supplies
» In order to guarantee the indebtedness of Shenzhen BAK Battery Co., Ltd. (the “Obligor”) towards the Creditor under the Comprehensive Credit Facility Agreement of Maximum Amount (reference no.: 810012011102370001) from November 30, 2011 to November 24, 2012, the Mortgager agrees to pledge its property to the Creditor.
Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and Shenzhen Longgang Branch, Bank of China (the “Creditor”) Dated November 8, 2011Loan Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» Breach of contract penalties: correct the breach of contract in time limit; suspension of loan unprovided; release loan agreement, demand prepayment of loan principal and interest before maturity; imposition of punitive interest incurred due to delayed loan; imposition of punitive interest for embezzlement of loan; imposition of plural interest for unpaid interest; withdraw from any accounts of the Company the loan principal, interest and other fees; compensation for the Creditor’s expenses incurred due to demanding the loan principal and interest in case of litigation, etc.
Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and Shenzhen Eastern Branch, Agricultural Bank of China (“the Creditor”) Dated November 10, 2011Loan Agreement • February 8th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
» Floating interest rate: Interest rate of loan shall be 110% of the benchmark rate announced by the People’s Bank of China, and be adjusted every one month;
