CONSUMER BATTERY LICENSE AGREEMENTBattery License Agreement • April 11th, 2008 • Hong Kong Highpower Technology, Inc. • Miscellaneous electrical machinery, equipment & supplies • Michigan
Consumer Battery License Agreement effective as of OBC’s receipt of the initial up-front payment (the “Effective Date”) by and between Ovonic Battery Company, Inc., a corporation of Delaware having a place of business at 1707 Northwood, Troy, Michigan 48084 (“OBC”) and SHENZHEN HIGH POWER TECH. CO., LTD., a corporation of China, having its Head Office at Luoshan Industry Zone, Shanxia, Pinghu, Shenzhen, People Republic of China (‘‘SHENZHEN HIGH POWER”)
Non-Undertaking Short-Term Revolving Financing Agreement October 11th, 2007Financing Agreement • April 11th, 2008 • Hong Kong Highpower Technology, Inc. • Miscellaneous electrical machinery, equipment & supplies
The Lending Bank shall, for the purpose of calculating the maximum financing amount, have the right to calculate based on the exchange rate it determines. In case that the total outstanding amounts hereunder exceed the foregoing maximum amount due to any fluctuation of the exchange rate at any time, the Lending Bank shall be entitled to request the Customer to immediately pay the related excessive amount.
