EXCHANGE AGREEMENTExchange Agreement • February 25th, 2020 • CBAK Energy Technology, Inc. • Miscellaneous electrical machinery, equipment & supplies • Utah
Contract Type FiledFebruary 25th, 2020 Company Industry JurisdictionThis Exchange Agreement (this “Agreement”) is entered into as of February 20, 2020 by and between Atlas Sciences, LLC, a Utah limited liability company (“Lender”), and CBAK Energy Technology, Inc., a Nevada corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings given to them in the Original Note (as defined below).