UNCOMMITTED SHORT TERM REVOLVING FACILITY AGREEMENT Dated Aug, 12, 2010, [No.: FA750506100812] BETWEEN: Shenzhen, China; and with legal address at Luoshan Industrial Zone,Pinghu, Longgang, Shenzhen, Guangdong, China and IT IS AGREED as follows:Short Term Revolving Facility Agreement • April 13th, 2011 • Highpower International, Inc. • Miscellaneous electrical machinery, equipment & supplies
For the purpose of calculating the Maximum Facility Amount, the calculation shall be made at relevant exchange rate determined by the Bank. If the aggregate of all amounts outstanding under this Agreement at any one time exceed the aforesaid Maximum Facility Amount as a result of a change in the exchange rate, the Bank shall reserve its right to demand immediate repayment of any such excess amount. In any event, the aggregate amounts of the outstanding under the Facility Agreement for the two customers shall not exceed the Maximum Facility Amount.
