Attached files
| file | filename |
|---|---|
| 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-99.6 - CBAK Energy Technology, Inc. | v192577_ex99-6.htm |
| EX-32.2 - CBAK Energy Technology, Inc. | v192577_ex32-2.htm |
Summary of Loan Agreement
Entered into by and between BAK International (Tianjin) Limited (“the Company”)
and Tianjin Branch, Bank of Dalian (“the Creditor”) dated April 27,
2010
Main
contents
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Ø
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Contract
number: DLLJin 201006300077;
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Ø
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Loan
principal:
RMB 20 million;
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Ø
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Loan
term: from April 27, 2009 to November 26,
2010;
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Ø
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Floating
interest rate: annually 5.5755%, rate adjustment in one
month cycle;
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n
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Interest
accrued and settled per month, interest settlement day is
the 20th day of each month;
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n
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Penalty
interest rate for delayed repayment: 5.5755% plus 50%
*5.5755%;
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n
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Penalty
interest rate for embezzlement of loan proceeds:
5.5755%;
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Ø
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Purpose
of the loan is to provide working capital for the
Company;
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Ø
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Advanced
repayment of loan needs to be approved by the
Creditor;
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Ø
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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; compensation for the Creditor’s expenses incurred
due to demanding the loan principal and interest in case of litigation,
etc.
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Ø
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The
loan is borrowed under the Maximum Credit Facility Agreement No.
DLQJin200911160032.
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Headlines
of the articles omitted:
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Loan
arrangement
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Ø
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Interest
clearing of the loan
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Ø
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Payment
of the loan
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Ø
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Insurance
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Ø
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Rights
and obligation of the Creditor
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Ø
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Declaration
and undertaking of the Company
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Ø
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Interest
penalty of loan
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Ø
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Guarantee
of the loan agreement
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Ø
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Disputation
settlement
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Ø
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Notification
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