CBAK Energy Technology, Inc. - FORM 10-Q - EX-99.11 - EXHIBIT 99.11 - August 9, 2011

Attached files

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EX-32.1 - EXHIBIT 32.1 - CBAK Energy Technology, Inc.exhibit32-1.htm
EX-99.4 - EXHIBIT 99.4 - CBAK Energy Technology, Inc.exhibit99-4.htm
EX-99.9 - EXHIBIT 99.9 - CBAK Energy Technology, Inc.exhibit99-9.htm
EX-31.2 - EXHIBIT 31.2 - CBAK Energy Technology, Inc.exhibit31-2.htm
EX-99.2 - EXHIBIT 99.2 - CBAK Energy Technology, Inc.exhibit99-2.htm
EX-99.8 - EXHIBIT 99.8 - CBAK Energy Technology, Inc.exhibit99-8.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-31.1 - EXHIBIT 31.1 - CBAK Energy Technology, Inc.exhibit31-1.htm
EX-99.5 - EXHIBIT 99.5 - CBAK Energy Technology, Inc.exhibit99-5.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-99.13 - EXHIBIT 99.13 - CBAK Energy Technology, Inc.exhibit99-13.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
EX-99.14 - EXHIBIT 99.14 - CBAK Energy Technology, Inc.exhibit99-14.htm
10-Q - FORM 10-Q - CBAK Energy Technology, Inc.form10q.htm
EX-32.2 - EXHIBIT 32.2 - CBAK Energy Technology, Inc.exhibit32-2.htm

Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and Longgang Branch, Shenzhen Development Bank Co., Ltd (the “Creditor”) Dated June 13, 2011

Main contents:

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    Contract number: Shenfa Longgang Daizi 20110607001;
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    Main Contract: Comprehensive Credit Facility Agreement;
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    Main Contract number: Shenfa Longgang Zongzi 20110120001;
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    Loan principal: RMB 20 million;
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    Loan term: from June 16, 2011 to June 16, 2012;
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    Floating interest rate: Interest rate of loan shall be equal to the benchmark rate announced by the People’s Bank of China, and be adjusted every 3 months;
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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: current interest rate plus 50% * current interest rate;
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    Penalty interest rate for embezzlement of loan proceeds: current interest rate *1;
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    Purpose of the loan is to provide working capital for the Company;
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    If any of the following occurs, the Creditor is entitled to demand prepayment of loan principal and interest before maturity and cancel all loans unprovided ;
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    The Company terminates operation or is stopped from operation;
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    The Company provides untrue documents or hide important financial information about its operation;

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    		•  The Company intentionally evades bank debts by way of related party transaction or other means; „ The Company uses loan proceeds for purposes other than what is agreed without the consent of the Creditor;
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    		•  Occurrence of other instances which endangers or may endanger the safety of the loan provided by the Creditor;

    Headlines of the articles omitted:

    • Interest clearing of the loan

    • Payment of the loan

    • Rights and obligation of the Company

    • Rights and obligations of the Creditor

    • Disputation settlement and Validity

    • Fees

    • Breach of contract penalties

    • Declaration, guaranty and undertaking of the Company

    • Amendment and Termination of Contract

    • Others

    • Validity

    CBAK Energy Technology, Inc. Reports