Document:

China BAK Battery, Inc.: Exhibit 10.89 - Prepared by TNT Filings Inc.

  

Exhibit 10.89

Summary of Loan Agreement Entered into by
and between Shenzhen BAK 

Battery Co., Ltd. ("the Company") and Shenzhen Longgang Branch, Bank of 

China (the "Creditor") Dated July 17, 2009 

Main articles: 

	Contract number:
  (2009)Zhenzhongyin Ganghuilizi 052; 

  	Loan principal: JPY
  296,604,000; 

  	Loan Term: from July 17, 2009
  to July 20, 2010; 

  	Interest rate: fixed at
  0.74375%; 

      	Interest settlement day
      is the maturity date of the loan; 

      	Penalty interest rate for
      delayed repayment is 2.23%; 

	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: 

      	Delay in repayment of
      loan interest and the loan principal; 

      	The Company provides
      untrue declaration or breaks promise; 

      	The Company breaks other
      agreements with respect to its obligation; 

	
  Breach of
  contract penalties: release loan agreement, demand prepayment of loan
  principal and interest before maturity; withdraw from any accounts of the
  Company the loan principal, interest and other fees; any other measures the
  Creditor believes necessary and possible, etc. 

  	Amount of collateral:
  RMB21,624,000 

Headlines of the articles omitted 

	Loan arrangement 

  	Interest clearing of the loan
  

  	Fee 

  	Payment of the loan 

  	Guarantee 

  	Declaration and Promise of
  the Company 

  	Other agreements 

  	Modification, Amendment and
  Termination of Contract 

  	Disputation settlement 

  	Attachment 

  	Validity 

  	Text 

  	NoticeChina BAK Battery, Inc. Exhibit - Prepared by TNT Filings Inc.

Exhibit 10.90

Summary of Loan Agreement Entered into by and between
Shenzhen 
BAK Battery Co., Ltd. (“the Company”) and Shenzhen Eastern Branch,
Agricultural 
Bank of China (“the Creditor”) dated July 22, 2009

Main contents

	Contract number: 81101200900001661;
  
	Loan principal: RMB 50 million;
  
	Loan term: from July 22, 2009 to January 21, 2010;
  
	Floating interest rate: annually 4.617%, rate adjustment in a 3-month
  cycle; 

	
  Interest accrued and settled per month, interest settlement day is the
  20th day of each month;
  

	
  Penalty interest rate for delayed repayment: 4.617% plus 30% *4.617%;
  

	
  Penalty interest rate for embezzlement of loan proceeds: 4.617% plus 50%
  *4.617%; 

	Purpose of the loan is to provide working capital for purchasing raw
  material of the Company;
	Advanced repayment of loan needs to be approved by the Creditor;
  
	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; withdraw from any accounts of the Company the loan principal,
  interest and other fees; compensation for the Creditor’s expenses incurred due
  to demanding the loan principal and interest in case of litigation, etc.
  
	Supplemental: in the event that the Company repaid the loan in advance, it
  has to pay extra handling fee: advanced repaid amount * share months * 1%.
  

Headlines of the articles omitted:

	Loan arrangement
  
	Interest clearing of the loan
  
	Payment of the loan
  
	Rights and obligation of the Creditor
  
	Rights and obligations of the Company
  
	Interest penalty of loan
  
	Guarantee of the loan agreement
  
	Disputation settlement
  
	Validity
  
	Text
  
	NotificationChina BAK Battery, Inc.: Exhibit 10.- Prepared by TNT Filings Inc.

Exhibit 10.91

Summary of Loan Agreement Entered into by and between
Shenzhen BAK 
Battery Co., Ltd. (“the Company”) and Shenzhen Eastern Branch,
Agricultural 
Bank of China (“the Creditor”) dated July 23, 2009

Main contents

	Contract number: 81101200900001669;
  
	Loan principal: RMB 50 million;
  
	Loan term: from July 23, 2009 to January 22, 2010;
  
	Floating interest rate: annually 4.617%, rate adjustment in a 3-month
  cycle; 

	
  Interest accrued and settled per month, interest settlement day is the
  20th day of each month;
  

	
  Penalty interest rate for delayed repayment: 4.617% plus 30% *4.617%;
  

	
  Penalty interest rate for embezzlement of loan proceeds: 4.617% plus 50%
  *4.617%; 

	Purpose of the loan is to provide working capital for purchasing raw
  material of the Company;
  
	Advanced repayment of loan needs to be approved by the Creditor;
  
	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; withdraw from any accounts of the Company the loan principal,
  interest and other fees; compensation for the Creditor’s expenses incurred due
  to demanding the loan principal and interest in case of litigation, etc.
  
	Supplemental: in the event that the Company repaid the loan in advance, it
  has to pay extra handling fee: advanced repaid amount * share months * 1%.
  

Headlines of the articles omitted:

	Loan arrangement
  
	Interest clearing of the loan
  
	Payment of the loan
  
	Rights and obligation of the Creditor
  
	Rights and obligations of the Company
  
	Interest penalty of loan
  
	Guarantee of the loan agreement
  
	Disputation settlement
  
	Validity
  
	Text
  
	NotificationEXHIBIT 10.33 

Interim Arrangement

     1.
Effective as of November 27, 2009 (the “Effective
Date”), Jara Enterprises Inc. (“Jara”) can write
new sales at its stores as sales agent for Jennifer Convertibles, Inc.
(“Jennifer”) at the current prices for such goods (“New Business”) and, upon
completion of the sale, will be entitled to a commission of 35% of the collected
sales price (excluding delivery costs and applicable sales taxes). New Business
will not include the sale of showroom displays, floor inventory, clearance
items, and/or any other item that does not require purchase or delivery from
Jennifer, and Jara will not be restricted in connection with the sale of such
items. Jara will not write new business at such stores for its own account if
the merchandise must be purchased from or delivered by Jennifer. Jara will not
take a deposit in excess of 35% of the sales price (excluding delivery costs and
applicable sales taxes) on New Business and will instruct its salesman and
employees accordingly. Any excess deposit inadvertently received will be
immediately remitted to Jennifer or Jennifer shall be entitled not to deliver
the goods to the customer or Jennifer can contact the customer and rewrite the
sale on its own sales slip. Jara will cooperate in any rewriting of such a sale,
including giving its consent and cooperating in any reversal of a credit card
charge for the deposit. Jara will also instruct its salesman and employees that
sales orders should be stamped or otherwise overwritten to indicate that the
sales are made on behalf of Jennifer. Jennifer will provide the goods (which
Jennifer shall retain title to until delivered to the customer) and provide the
related shipping services. Jara will not change the retail sales prices of the
goods to be sold as New Business from the currently prevailing prices without
Jennifer’s consent.

     Jara shall not sell fabric
protection services to be provided by it or an affiliate of Jara and shall only
sell such services to be provided by Jennifer-approved vendors such as Valspar.

     2. Jara
hereby agrees that any merchandise shipped by Jennifer to Jara's customers with
respect to orders written on or prior to the Effective Date ("Old Order
Merchandise") shall be shipped to Jara's customers provided that Jara agrees to
pay for the cost of such merchandise on the business day prior to the date such
Old Order Merchandise is scheduled to be delivered to the customer. For sake of
clarity, Old Order Merchandise shall not include orders written by Jara on
behalf of Jennifer on or after November 27, 2009 the customers for which are
Jennifer customers as provided in Section 1. If Jara does not pay for cost on
the business day prior to the scheduled delivery date, Jennifer has the right to
contact the customer and advise them to cancel the sale and/or Jennifer can
contact the customer and rewrite the sale on its own slip. Jara will cooperate
in any rewriting of such a sale, including giving its consent and cooperating in
any reversal of a credit card charge for the deposit. 

     3. Jara
acknowledges and agrees that it shall continue to be responsible for, and pay,
the costs and expenses of operating its stores and generating sales including
without limitation, the costs and expenses of its employees (including without
limitation, sales commissions from all sales including New Business), landlords,
and other suppliers of goods and services, vendors and creditors. Jennifer
Convertibles shall be responsible for the payment of sales taxes on New Business
and Jara shall continue to be responsible for the payment of sales taxes on Old
Order Merchandise and on any sales other than New Business sales. 

     4. Nothing
herein shall be deemed to create a partnership or joint venture relationship
between the parties and each party shall continue to be responsible for its own
costs of operations, including employees, store leases and other matters, as
well as for paying all taxes, including, without limitation, sales tax, on goods
sold for its account. 

     5.
This Agreement may be terminated by Jennifer on
24 hours prior written notice to Jonathan Warner
and Jane Love in Jennifer’s sole and absolute discretion for any reason or no
reason and Jennifer will have no further obligation to deliver goods or provide
other services after that 24 hour period, except that Jennifer will remain
responsible for the delivery of New Business to the purchasers thereof, provided
that the deposit on such New Business did not exceed 35% or the excess deposit
has been remitted to Jennifer as provided in Section 1. 

     IN
WITNESS WHEREOF, the parties have signed this agreement as of this
11th
day of December 2009. 

	Jara
      Enterprises, Inc.  
	 
	By:  	/s/ Jane Love  
		Jane Love,
      President  
	   
	 
	Jennifer Convertibles, Inc.  
	By:  	/s/ Harley J. Greenfield 
    
	  	Harley J.
      Greenfield, CEO  

2

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