Summary of Guaranty Contract of Maximum Amount ( the “Contract”) Entered into by and between
Xiangqian Li and Shenzhen Branch, Bank of China (the “Creditor”) on March 4 th , 2009
Ø Guaranty Contract number : 2009Zhenzhongyinsi B ao e z i 003 4 ;
Ø Xiang qian Li undertakes to assume joint and several liabilities for Shenzhen B AK Batter y Co.,
Ltd ( the “ O bligor ” ) ’ s indebtedness towards Bank of China under the Comprehensive Credit Facility
Agreement of Maximum Amount (refe rence no.: 2009Zhenzhongyin Exie z i 00 0024 ) from March 4
, 200 9 to February 3 rd , 20 10 , and the maximum amount secured is RMB 4 50 million.
Ø Guarant y Responsibility : The guaranty under this Contract shall be guaranty w ith joint and
several liabilit ies . T he guarantor is obligated to pay off the d ebt 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 ).
Ø S cope of G uaranty: The guaranty shall cover all of t he 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 realizin g its
creditor ’ s right.
Ø Guaranty period: The guaranty period is from the effective date of this Contract to two years
after the expiry of the term of the Credit Facility Agreement and relevant agreement entered into under the
Credit Facility Agreement .
Headlines of the articles omitted:
T ermination and explanation
P ayment on demand
D eclaration and guaranty
I ndependent guaranty
F ulfillment of the responsibility and giving up of the right
Amendment of Contract
Effectiveness and Disputation settlement