CBAK Energy Technology, Inc. - FORM 10-Q - EX-99.21 - EXHIBIT 99.21 - February 9, 2010

Attached files

file filename
10-Q - FORM 10-Q - CBAK Energy Technology, Inc.form10-q.htm
EX-99.9 - EXHIBIT 99.9 - CBAK Energy Technology, Inc.exhibit99-9.htm
EX-99.6 - EXHIBIT 99.6 - CBAK Energy Technology, Inc.exhibit99-6.htm
EX-99.5 - EXHIBIT 99.5 - CBAK Energy Technology, Inc.exhibit99-5.htm
EX-99.3 - EXHIBIT 99.3 - CBAK Energy Technology, Inc.exhibit99-3.htm
EX-99.1 - EXHIBIT 99.1 - CBAK Energy Technology, Inc.exhibit99-1.htm
EX-99.7 - EXHIBIT 99.7 - CBAK Energy Technology, Inc.exhibit99-7.htm
EX-31.1 - EXHIBIT 31.2 - CBAK Energy Technology, Inc.exhibit31-2.htm
EX-31.1 - EXHIBIT 31.1 - CBAK Energy Technology, Inc.exhibit31-1.htm
EX-99.4 - EXHIBIT 99.4 - CBAK Energy Technology, Inc.exhibit99-4.htm
EX-99.8 - EXHIBIT 99.8 - CBAK Energy Technology, Inc.exhibit99-8.htm
EX-99.2 - EXHIBIT 99.2 - CBAK Energy Technology, Inc.exhibit99-2.htm
EX-32.1 - EXHIBIT 32.1 - CBAK Energy Technology, Inc.exhibit32-1.htm
EX-99.17 - EXHIBIT 99.17 - CBAK Energy Technology, Inc.exhibit99-17.htm
EX-99.14 - EXHIBIT 99.14 - CBAK Energy Technology, Inc.exhibit99-14.htm
EX-99.13 - EXHIBIT 99.13 - CBAK Energy Technology, Inc.exhibit99-13.htm
EX-99.10 - EXHIBIT 99.10 - CBAK Energy Technology, Inc.exhibit99-10.htm
EX-99.12 - EXHIBIT 99.12 - CBAK Energy Technology, Inc.exhibit99-12.htm
EX-99.20 - EXHIBIT 99.20 - CBAK Energy Technology, Inc.exhibit99-20.htm
EX-99.16 - EXHIBIT 99.16 - CBAK Energy Technology, Inc.exhibit99-16.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-99.19 - EXHIBIT 99.19 - CBAK Energy Technology, Inc.exhibit99-19.htm
EX-99.18 - EXHIBIT 99.18 - CBAK Energy Technology, Inc.exhibit99-18.htm

Exhibit 99.21

Summary of Guaranty Contract of Maximum Amount ( the “Contract”) Entered into by and between Shenzhen BAK Battery Co., Ltd, (the “Guarantor”) and Tianjin Branch, Shanghai Pudong Development Bank (the “Creditor”) on September 28, 2009

Main contents:

  • Guaranty Contract number: ZB7703200988020601;

  • Maximum amount of loan to be provided: RMB 30 million;

  • Term: from September 28, 2009 to August 31, 2010;

  • Shenzhen BAK Battery Co., Ltd undertakes to assume joint and several liabilities for BAK International (Tianjin) Limited (the “Obligor”)’s indebtedness towards Shanghai Pudong Development Bank under this Contract from September 28, 2009 to August 31, 2010.

  • 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).

  • 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.

  • Guaranty period: The guaranty period is from the effective date of this Contract to two years after the expiry of the term of relevant agreements entered into under the Contract.

Headlines of the articles omitted:

  • Termination and explanation

  • Payment on demand

  • Declaration and undertaking of the Guarantor

  • Obligations of the Guarantor

  • Amendment and termination of the Contract

  • Disputation settlement

  • Validity

CBAK Energy Technology, Inc. Reports