CBAK Energy Technology, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com






Exhibit 10.1 

Termination Agreement of Intellectual Property License
(English Translation) 

This agreement was entered into by the following parties in
Dapeng new district, Shenzhen on March 21, 2017. 

Party A: Shenzhen BAK Battery Co., Ltd 
Legal
Representative: Xiangqian Li 
Address: BAK Industry Park, Kuichong Street,
Dapeng New District, Shenzhen 

Party B: Dalian CBAK Power Battery Co., Ltd (formerly “Dalian
BAK Power Battery Co., Ltd”) 
Legal Representative: Yunfei Li 
Address:
No.11, Meigui Street, Huayunkou Economic Zone, Dalian, Liaoning 

Party C: CBAK Energy Technology, Inc. 
Chairman of the
Board: Yunfei Li 
Address: No.11, Meigui Street, Huayunkou Economic Zone,
Dalian, Liaoning 

WHEREAS: 

Party A, Party B and Party C (collectively, the “Parties”) on
August 25, 2014 entered into an intellectual property license agreement (the
“License Agreement”) under which Party A licensed to Party B and Party C any and
all intellectual property rights that Party A owns for a term of five years and
for free. After friendly negotiation, the Parties now desire to terminate the
License Agreement in its entirety and hereby agree: 

	1. 	
      Termination of License
Agreement.




	 	1) 	
      Effective as of March 21, 2017 (the “Termination Date”),
      the License Agreement is terminated in its entirety and shall be deemed
      null and void. Party B and Party C shall have no further claim against
      Party A for any right under the License Agreement from and after the
      Termination Date, regardless of whether such claim was made prior to or
      after the execution of the License Agreement.

	 	 	 
	 	2) 	
      On or after the Termination Date, Party B and Party C
      shall not use or transfer to any third party any intellectual property
      licensed to it by Party A.

	 	 	 
	 	3) 	
      After the termination of the License Agreement, Party A
      shall pay US$1 million to Party C as the termination fee for early termination no
      later than one month after the execution of this agreement, and Party A and
its subsidiaries shall transfer to Party B unconditionally and for free any
registered trademark and logo containing the word “CBAK” owned by Party A or its
subsidiaries (including but not limited to the trademark with the registration
number of 5735737). Any term or provision of such transfer shall be subject to a
separate transfer agreement to be entered into between Party A and Party B. 








	2. 	
      Liability of Breach of Contract and Dispute
    Settlement




	 	1) 	
      Each Party shall strictly perform its respective
      obligations under this agreement and any failure to perform or incomplete
      performance shall be deemed as breach of contract.

	 	 	 
	 	2) 	
      Any disputes arising out of this agreement shall be
      settled through friendly negotiation; in case no settlement can be
      reached, each Party can file a law suit to the local People’s Court with
      jurisdiction in which this agreement is
executed.




	3. 	
      Binding Effect of Contract and
Others




	 	1) 	
      This agreement shall not be binding on either Party until
      it is executed and sealed by each Party on March 21, 2017.

	 	 	 
	 	2) 	
      In regard to any matter not covered in this agreement, it
      shall be otherwise agreed by all of the Parties on the basis of
      negotiation, and shall be reflected in a supplemental agreement.

	 	 	 
	 	3) 	
      This agreement has three original copies and they all
      have the same legal effect.



Shenzhen BAK Battery Co., Ltd (seal) 
Legal Representative:
/s/ Xiangqian Li 

Dalian CBAK Power Battery Co., Ltd (seal) 
Legal
Representative: /s/ Yunfei Li 


CBAK Energy Technology, Inc. 
Chairman of the Board of
Directors: /s/ Yunfei Li 


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