Guaranty Contract of Maximum Amount
No. Shen Shangyin (Shuibei) Shouxin Gebao Zi (2006) A110020600006
Guarantor: BAK International Limited
Address: Rm1201, Wing On Centre, 111 Connaught Road Central, Hong Kong
Creditor: Shuibei Branch, Shenzhen Commercial Bank
Address: 2028, Wenjin Bei Rd, Shenzhen
The Creditor and the Guarantor have reached the following agreement in accordance with the Guarantee Law of People’s
Republic of China and other relevant laws and regulations:
Article I. Guaranty
Article II. Undertakings and Representations of the Guarantor
1.1 Shenzhen BAK Battery Co., Ltd. (hereinafter referred to as “Obligor”) and the Creditor have entered into the
Comprehensive Credit Facilities Agreement (reference no.: Shen Shangyin (Shuibei) Shouxin Zi (2006) A11002060006,
hereinafter referred to as “Master Agreement”). As requested by the Obligor, the Guarantor undertakes to provide
guaranty for the indebtedness of the Obligor under the Master Agreement. 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
1.2 The maximum loan principal shall be RMB 50 million.
1.3 The guaranty under this Contract shall be guaranty with joint and several liability.
1.4 The guaranty period is from the effective date of this Contract to two years after the expiry of the term of the Master
Agreement and relevant agreement entered into under the Master Agreement.
1.5 The guaranty under this Contract is independent. In case that any third party provide guaranty to the Creditor, the
Guarantor shall continue to assume the full obligation of guaranty for all indebtedness as stated in clause 1.1 of this
1.6 This Contract is irrevocable. This Contract shall remain valid