Attached files
file | filename |
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10-Q - CBAK Energy Technology, Inc. | v192577_10q.htm |
EX-99.5 - CBAK Energy Technology, Inc. | v192577_ex99-5.htm |
EX-99.7 - CBAK Energy Technology, Inc. | v192577_ex99-7.htm |
EX-99.8 - CBAK Energy Technology, Inc. | v192577_ex99-8.htm |
EX-32.1 - CBAK Energy Technology, Inc. | v192577_ex32-1.htm |
EX-99.3 - CBAK Energy Technology, Inc. | v192577_ex99-3.htm |
EX-99.1 - CBAK Energy Technology, Inc. | v192577_ex99-1.htm |
EX-99.2 - CBAK Energy Technology, Inc. | v192577_ex99-2.htm |
EX-99.9 - CBAK Energy Technology, Inc. | v192577_ex99-9.htm |
EX-99.4 - CBAK Energy Technology, Inc. | v192577_ex99-4.htm |
EX-31.2 - CBAK Energy Technology, Inc. | v192577_ex31-2.htm |
EX-31.1 - CBAK Energy Technology, Inc. | v192577_ex31-1.htm |
EX-32.2 - CBAK Energy Technology, Inc. | v192577_ex32-2.htm |
EX-99.10 - CBAK Energy Technology, Inc. | v192577_ex99-10.htm |
Summary of Guaranty Contract
of Maximum Amount ( the “Contract”) Entered into by and between BAK
International Limited and Shenzhen Branch, China Citic Bank (the “Creditor”) in
May 12, 2010
Main
contents:
Ø Guaranty
Contract number: (2010) Shenyinsun Zuibaozi 003;
Ø BAK
International Limited undertakes to assume joint and several liabilities
for Shenzhen BAK Battery Co., Ltd (the “Obligor”)’s indebtedness
towards China Citic Bank, and the maximum amount secured is
RMB 80 million.
Ø Guaranty Responsibility: The guaranty
under this Contract shall be guaranty with joint and several liabilities. The
guarantor is obligated to pay off the debt in the event the obligor is unable to
pay off the debt (including the creditor declares the debt becomes mature in
advance to its original expiry date due to default of the obligor or the
guarantor).
Ø Scope of Guaranty: The guaranty shall cover
all of the loan principal, interest, penalty interest, breach of contract
compensation, damages, undertaking fee and all the expenses such as litigation
cost, lawyer’s fee, notification cost and public notice cost etc. which is
incurred to the Creditor in realizing its creditor’s right.
Ø Guaranty period: The
guaranty period is from the effective date of this Contract to two years after
the expiry of the term of the Credit Facility Agreement and relevant agreement
entered into under the Credit Facility Agreement.
Headlines
of the articles omitted:
Ø Termination
and explanation
Ø Payment
on demand
Ø Declaration
and guaranty
Ø Independent
guaranty
Ø Fulfillment
of the responsibility and giving up of the right
Ø Amendment
of Contract
Ø Effectiveness
and Disputation settlement
Ø Contract
period
Ø Supplement
articles