CBAK Energy Technology, Inc. - FORM 10-Q - EX-99.2 - EXHIBIT 99.2 - May 10, 2011

Attached files

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EX-99.8 - EXHIBIT 99.8 - CBAK Energy Technology, Inc.exhibit99-8.htm
EX-31.1 - EXHIBIT 31.1 - CBAK Energy Technology, Inc.exhibit31-1.htm
10-Q - FORM 10-Q - CBAK Energy Technology, Inc.d10q.htm
EX-32.1 - EXHIBIT 32.1 - CBAK Energy Technology, Inc.exhibit32-1.htm
EX-99.3 - EXHIBIT 99.3 - CBAK Energy Technology, Inc.exhibit99-3.htm
EX-99.6 - EXHIBIT 99.6 - CBAK Energy Technology, Inc.exhibit99-6.htm
EX-31.2 - EXHIBIT 31.2 - CBAK Energy Technology, Inc.exhibit31-2.htm
EX-99.5 - EXHIBIT 99.5 - CBAK Energy Technology, Inc.exhibit99-5.htm
EX-32.2 - EXHIBIT 32.2 - CBAK Energy Technology, Inc.exhibit32-2.htm
EX-99.1 - EXHIBIT 99.1 - CBAK Energy Technology, Inc.exhibit99-1.htm
EX-99.4 - EXHIBIT 99.4 - CBAK Energy Technology, Inc.exhibit99-4.htm
EX-99.7 - EXHIBIT 99.7 - CBAK Energy Technology, Inc.exhibit99-7.htm
EX-99.9 - EXHIBIT 99.9 - CBAK Energy Technology, Inc.exhibit99-9.htm
EX-99.15 - EXHIBIT 99.15 - CBAK Energy Technology, Inc.exhibit99-15.htm
EX-99.11 - EXHIBIT 99.11 - CBAK Energy Technology, Inc.exhibit99-11.htm
EX-99.16 - EXHIBIT 99.16 - CBAK Energy Technology, Inc.exhibit99-16.htm
EX-99.17 - EXHIBIT 99.17 - CBAK Energy Technology, Inc.exhibit99-17.htm
EX-99.18 - EXHIBIT 99.18 - CBAK Energy Technology, Inc.exhibit99-18.htm
EX-99.13 - EXHIBIT 99.13 - CBAK Energy Technology, Inc.exhibit99-13.htm
EX-99.14 - EXHIBIT 99.14 - CBAK Energy Technology, Inc.exhibit99-14.htm
EX-99.12 - EXHIBIT 99.12 - CBAK Energy Technology, Inc.exhibit99-12.htm
EX-99.10 - EXHIBIT 99.10 - CBAK Energy Technology, Inc.exhibit99-10.htm

Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd.
(“the Company”) and Shenzhen Hi-Tech District Branch, Industrial Bank CO. Ltd
(“the Creditor”) dated December 26, 2010

Main contents

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    Contract number: Xingyinshen Gaoxinqu Shouxinduanjiezi(2010)021;
       
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    Loan principal: RMB 50 million;
       
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    Loan term: from January 19, 2011 to December 10, 2011;
       
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    Fixed interest rate: annually 6.391%;
       
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    Interest accrued and settled per month, interest settlement day is the 20th day of each month;
       
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    Penalty interest rate for delayed repayment: 6.391% plus 50% *6.391%;
       
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    Penalty interest rate for embezzlement of loan proceeds: 6.391% plus 50% *6.391%;
       
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    Purpose of the loan is to provide working capital for the Company;
       
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    		•

    Advanced repayment of loan needs to be approved by the Creditor;
       
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    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.

    Headlines of the articles omitted:

    • Termination and explanation

    • Loan arrangement

    • Interest clearing of the loan

    • Payment of the loan

    • Rights and obligations of both the Creditor and the Company

    • Declaration and undertaking of the Company

    • Interest penalty of loan

    • Guarantee

    • Continuity of Obligations

    • Disputation settlement

    • Validity

    • Supplement articles

    CBAK Energy Technology, Inc. Reports