UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
September 29, 2015
CHINA BAK BATTERY, INC.
(Exact name of registrant
as specified in its charter)
Nevada |
001-32898 |
86-0442833 |
(State or other jurisdiction |
(Commission File No.) |
(IRS Employer |
of incorporation) |
|
Identification No.)
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BAK Industrial Park, Meigui Street
Huayuankou
Economic Zone
Dalian, China, 116422
Peoples Republic of
China
(Address, including zip code, of principal executive
offices)
86-411-39185985
(Registrants telephone
number, including area code)
Not applicable
(Former name or former
address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE
AGREEMENT.
On September 29, 2015, China BAK Battery, Inc. (the Company)
entered into a Debt Conversion Agreement (the Debt Conversion Agreement) with
certain individual creditors who loaned an aggregate of approximately $9.8
million, including accrued interest to the Company (the Debts). Pursuant to
the terms of the Debt Conversion Agreement, each of the creditors agreed to
convert existing loans into an aggregate 4,376,731 shares of common stock of the
Company (the Shares) at a conversion price of $2.25 per share. Upon receipt of
the Shares, the creditors will release the Company from any claims, demands and
other obligations relating to the Debts.
The Shares will be issued to the creditors, each of whom
represented to the Company that he/she is not a US person (as that term is
defined in Regulation S of the Securities Act of 1933, as amended), in an
offshore transaction in which we rely on the exemptions from the registration
requirements provided for in Regulation S and/or Section 4(a)(2) of the
Securities Act of 1933, as amended.
The foregoing is a summary of the material terms of the Debt
Conversion Agreement. This summary is subject to, and is qualified in its
entirety by, reference to the Debt Conversion Agreement that is filed as an
exhibit to this Report and incorporated herein by reference.
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES.
Reference is made to the disclosure set forth under Item 1.01
above, which disclosures are incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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CHINA BAK BATTERY, INC. |
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Date: October 5, 2015 |
By: |
/s/ Xiangqian Li |
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Xiangqian Li |
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Chief Executive Officer |
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EXHIBIT INDEX
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DEBT CONVERSION AGREEMENT
THIS DEBT CONVERSION AGREEMENT (this Agreement) is
made and entered into as of September 29, 2015, by and between China BAK
Battery, Inc., a Nevada corporation (the Company) and each of the
persons listed on the Schedule of Creditors attached hereto as Exhibit A
(individually, a Creditor and collectively, the Creditors).
WHEREAS, from time to time, the Creditors have provided
financing to the Company in the form of bank transfers, and, as of the date
hereof, the Company owed each Creditor an amount of loan, including both
principals and accrued interests, as is set forth opposite such Creditors name
on the Schedule of Creditors (collectively, the Debts);
WHEREAS, the Company desires to reduce its debt load in order
to improve its balance sheet and to enhance its ability to secure additional
financing; and
WHEREAS, each of the Creditors is willing to convert some or
all of the respective amounts owed by the Company into equity in the Company, at
a conversion price equal to $2.25 per share (the Conversion Price), and
on the terms set forth herein, and the Company is willing and able to issue
shares of Common Stock to the Creditors on the terms described herein.
NOW, THEREFORE, in consideration of the foregoing and the
representations, warranties, covenants, and agreements set forth herein, and
other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, and intending to be legally bound hereby, the parties
hereto hereby covenant and agree as follows:
1. Conversion of the Debts; Issuance
of the Shares. At the Closing (as defined in Section 2 hereof)
and subject to the terms and conditions of this Agreement, all of the Debts
shall be converted into an aggregate of 4,376,731 shares of common stock of the
Company, par value $0.001 per share (the Shares) at the Conversion
Price, and the Company hereby agrees to issue to each Creditor a number of
Shares as is set forth opposite such Creditors name on the Schedule of
Creditors.
2. Closing; Delivery of
Shares.
(a). The closing of the conversion of
Debts and the issuance of the Shares shall occur as soon as practicable after
the execution of this Agreement, but in no event later than thirty (30) calendar
days from the execution of this Agreement (the Outside Date), at the
offices of the Company, or such other place, date and time as set forth in this
Agreement or as the parties hereto may otherwise agree (the Closing).
(b). At the Closing, the Company shall
use its best efforts to cause the Companys transfer agent to deliver to each of
the Creditors, by courier or FedEx, stock certificate, or certificates,
registered in the name of such Creditor and representing the amount of Shares as
is set forth opposite such Creditors name on the Schedule of Creditors.
3. Representations and Warranties of
Creditor. Each Creditor, severally and not jointly, represents and warrants
to the Company with respect to only itself that, as of the date hereof and as of
the date of Closing:
(a). Qualification, Authorization
and Enforcement. If the Creditor is a business entity, such Creditor is an
entity duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization with the requisite
corporate or partnership power and authority to enter into and to consummate the
transactions contemplated by this Agreement and otherwise to carry out its
obligations hereunder. The execution and delivery of this Agreement by the
Creditor, the performance by the Creditor of its obligations hereunder and
thereunder, and the consummation by the Creditor of the transactions
contemplated hereby and thereby have been duly authorized and approved by all
requisite action on the part of Creditor. This Agreement has been duly executed
by such Creditor, and when delivered by such Creditor in accordance with the
terms hereof, will constitute the valid and legally binding obligation of such
Creditor, enforceable against it in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or
affecting generally the enforcement of, creditors rights and remedies or by
other equitable principles of general application.
(b). No Conflict. The execution,
delivery, and performance of this Agreement do not and will not: (i) conflict
with or violate any law or governmental order applicable to the Creditor; or
(ii) conflict with, result in any breach of, constitute a default (or event
which with the giving of notice or lapse of time or both would become a default)
under, require any consent under, or give to others any rights of termination,
amendment, acceleration, suspension, revocation or cancellation of, or result in
the creation of any encumbrance on any of the assets or properties of the
Creditor pursuant to, any contract to which the Creditor is a party or by which
any of such assets or properties is bound or affected.
(c). Governmental Consents and
Approvals. The execution, delivery, and performance of this Agreement by the
Creditor do not and will not require any consent, approval, authorization, or
other order of, action by, filing with, or notification to, any governmental
authority.
(d). Purchase Entirely for Own
Account. Creditor is acquiring the Shares for Creditors own account for
investment purposes only, not as nominee or agent, and not with a view to, or
for sale in connection with, a distribution of the Shares within the meaning of
the Securities Act of 1933, as amended (the Securities Act), and
Creditor has no present intention of selling, granting any participation in, or
otherwise distributing the same in violation of the Securities Act without
prejudice; however, Creditor has a right at all times to sell or otherwise
dispose of all or any part of such Shares in compliance with applicable federal
and state securities laws. Nothing contained herein shall be deemed a
representation or warranty by Creditor to hold Shares for any period of time.
(e). Investor Status. Creditor
is not a registered broker-dealer under Section 15 of the Securities Exchange
Act of 1934 (the Exchange Act) or an entity engaged in a business that would
require it to be so registered. Creditor has such experience in business and
financial matters that it is capable of evaluating the merits and risks of an
investment in the Shares. Creditor acknowledges that an investment in the Shares
is speculative and involves a high degree of risk. If such Creditor is a U.S.
Person (as such term is defined in Rule 902(k) of Regulation S), at the time
such Creditor was offered the Shares, it was, and at the date hereof it is, an
accredited investor as defined in Rule 501(a) under the Securities Act, and
such Creditor has completed and executed the Creditor Questionnaire attached as
Exhibit B to this Agreement.
(f). Regulation S. If such
Creditor is not a U.S. Person, such Creditor (i) acknowledges that the
certificate(s) representing or evidencing the Shares contain a customary
restrictive legend restricting the offer, sale or transfer of any Shares except
in accordance with the provisions of Regulation S, pursuant to registration
under the Securities Act, or pursuant to an available exemption from
registration, (ii) agrees that all offers and sales by such Creditor of Shares
shall be made pursuant to an effective registration statement under the
Securities Act or pursuant to an exemption from, or a transaction not subject to
the registration requirements of, the Securities Act, (iii) represents that the
offer to purchase the Shares was made to such Creditor outside of the United
States, and such Creditor was, at the time of the offer and will be, at the time of the sale and
is now, outside the United States, (iv) has not engaged in or directed any
unsolicited offers to purchase Shares in the United States, (v) is neither a
U.S. Person nor a Distributor (as such terms are defined in Rule 902(k) and
902(d), respectively, of Regulation S), (vi) has purchased the Shares for its
own account and not for the account or benefit of any U.S. Person, (vii) is the
sole beneficial owner of the Shares specified on signature pages hereto opposite
its name and has not pre-arranged any sale with an investor in the United
States, and (ix) is familiar with and understands the terms and conditions and
requirements contained in Regulation S, specifically, without limitation, each
Creditor understands that the statutory basis for the exemption claimed for the
sale of the Shares would not be present if the sale, although in technical
compliance with Regulation S, is part of a plan or scheme to evade the
registration provisions of the Securities Act. Such Creditor has completed and
executed the Creditor Questionnaire attached as Exhibit B to this
Agreement.
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(g). Access to Information.
Creditor has been afforded (i) the opportunity to ask such questions as it has
deemed necessary of, and to receive answers from, representatives of the Company
concerning the terms and conditions of the offering of the Shares and the merits
and risks of investing in the Shares; (ii) access to information about the
Company and its financial condition, results of operations, business,
properties, management and prospects sufficient to enable it to evaluate its
investment; and (iii) the opportunity to obtain such additional information that
the Company possesses or can acquire without unreasonable effort or expense that
is necessary to make an informed investment decision with respect to the
investment.
(h). Independent Investment
Decision. Creditor has independently evaluated the merits of its decision to
purchase the Shares pursuant to the this Agreement, and such Creditor confirms
that it has not relied on the advice of any other Creditors business and/or
legal counsel in making such decision. Creditor understands that nothing in the
Agreement or any other materials presented to Creditor in connection with the
purchase and sale of the Shares constitutes legal, tax or investment advice.
Creditor has consulted such legal, tax and investment advisors as it, in its
sole discretion, has deemed necessary or appropriate in connection with its
purchase of the Shares.
(i). Restricted Securities.
Creditor understands and acknowledges that:
i. the Shares are characterized as
restricted securities under the U.S. federal securities laws and will bear a
customary restrictive legend inasmuch as they are being acquired from the
Company in a transaction not involving a public offering and that under such
laws and applicable regulations such securities may be resold without
registration under the Securities Act only in certain limited circumstances;
ii. the Shares have not been registered under
the Securities Act or any state securities laws and are being offered and sold
in reliance upon specific exemptions from the registration requirements of the
Securities Act and state securities laws, and the Company is relying upon the
truth and accuracy of, and Creditors compliance with, the representations,
warranties, covenants, agreements, acknowledgments and understandings of
Creditor contained in this Agreement in order to determine the availability of
such exemptions and the eligibility of Creditor to acquire the Shares;
iii. the Shares must be held indefinitely unless
such Shares are registered under the Securities Act or applicable state
securities laws, or an exemption from registration is available;
(j). No Registration Rights.
Creditor further understands that there are no registration rights associated
with the Shares being acquired pursuant to this Agreement.
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4. Representations and Warranties of
the Company. The Company hereby represents and warrants to each of the
Creditors that, as of the date hereof and as of the date of Closing:
(a). Qualification, Authorization
and Enforcement. The Company is duly incorporated or otherwise organized,
validly existing and in good standing under the laws of the jurisdiction of its
incorporation, with the requisite power and authority to own and use its
properties and assets and to carry on its business as currently conducted. The
Company has the requisite corporate power and authority to enter into and to
consummate the transactions contemplated by this Agreement and otherwise to
carry out its obligations thereunder. The execution and delivery of this
Agreement by the Company and the consummation by it of the transactions
contemplated hereby and thereby have been duly authorized by all necessary
action on the part of the Company and no further action is required by the
Company in connection therewith. This Agreement has been duly executed by the
Company and, when delivered in accordance with the terms hereof, will constitute
the valid and binding obligation of the Company enforceable against the Company
in accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
similar laws relating to, or affecting generally the enforcement of, creditors
rights and remedies or by other equitable principles of general application.
(b). No Conflicts. The
execution, delivery and performance of this Agreement by the Company and the
consummation by the Company of the transactions contemplated hereby and thereby
do not and will not (i) conflict with or violate any provision of the Companys
articles of incorporation, bylaws or other organizational or charter documents
as in effect on the date hereof, or (ii) conflict with, or constitute a default
(or an event that with notice or lapse of time or both would become a default)
under, or give to others any rights of termination, amendment, acceleration or
cancellation (with or without notice, lapse of time or both) of, any agreement,
credit facility, debt or other instrument (evidencing a Company debt or
otherwise) or other understanding to which the Company is a party or by which
any property or asset of the Company is bound or affected, or (iii) result in a
violation of any law, rule, regulation, order, judgment, injunction, decree or
other restriction of any court or governmental authority to which the Company is
subject (including federal and state securities laws and regulations), or by
which any property or asset of the Company is bound or affected; except in the
case of each of clauses (ii) and (iii), such as could not, individually or in
the aggregate, have or reasonably be expected to result in a material adverse
effect.
(c). Filings, Consents and
Approvals. The Company is not required to obtain any consent, waiver,
authorization or order of, give any notice to, or make any filing or
registration with, any United States or Peoples Republic of China court or
other federal, state, local or other governmental authority or other person in
connection with the execution, delivery and performance by the Company of this
Agreement, other than (i) filings if required by state securities laws, (ii) if
required, the filing with NASDAQ of an applicable additional shares listing
application or notification relating to the Shares issuable hereunder, (iii) if
required, the filing of a Notice of Sale of Securities on Form D with the
Securities and Exchange Commission under Regulation D of the Securities Act,
(iv) the filings required in accordance with the Exchange Act and (v) those that
have been made or obtained prior to the date of this Agreement.
(d). Issuance of Shares. The
Shares are duly authorized and, when issued and paid for in accordance with the
terms and conditions of this Agreement, will be validly issued, fully paid and
nonassessable, free and clear of all liens imposed by the Company. There are no
subscriptions, warrants, rights of first refusal or other restrictions on
transfer relative to, or options exercisable with respect to, the Shares. The
Shares are not the subject of any present or, to the Companys knowledge,
threatened suit, action, arbitration, administrative or other proceeding, and
the Company knows of no reasonable grounds for the institution of any such
proceedings.
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5. Amounts Repaid in Full. For
and in consideration of the issuance of the Shares to the Creditors, the Debts
shall be deemed to be repaid in full, and the Company shall have no further
obligations in connection with the Debts.
6. Release by the Creditor. Upon
receipt of the Shares, such Creditor releases and discharges Company, Companys
officers, directors, principals, control persons, past and present employees,
insurers, successors, and assigns (Company Parties) from all actions,
cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds,
bills, specialties, covenants, contracts, controversies, agreements, promises,
variances, trespasses, damages, judgments, extents, executions, claims, and
demands whatsoever, in law, admiralty or equity, which against Company Parties
such Creditor ever had, now have or hereafter can, shall or may, have for, upon,
or by reason of any matter, cause or thing whatsoever, whether or not known or
unknown, from the beginning of the world to the day of the date of this Release
relating to the Debts. The Creditor represents and warrants that no other person
or entity has any interest in the matters released herein, and that it has not
assigned or transferred, or purported to assign or transfer, to any person or
entity all or any portion of the matters released herein.
7. Fees, Expenses. Each party
shall pay the fees and expenses of its advisers, counsel, accountants and other
experts, if any, and all other expenses incurred by such party incident to the
negotiation, preparation, execution, delivery and performance of this Agreement.
The Company shall pay all transfer agent fees (including, without limitation,
any fees required for same-day processing of any instruction letter delivered by
the Company), stamp taxes and other taxes and duties levied in connection with
the delivery of any Shares to the Creditors.
8. General Provisions.
(a). Governing Law; Jurisdiction;
Waiver of Jury Trial. This Agreement shall be governed by and construed
under the laws of the State of New York without regard to the choice of law
principles thereof. Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the State of New York
located in The City of New York, Borough of Manhattan for the adjudication of
any dispute hereunder or in connection herewith or therewith or with any
transaction contemplated hereby or thereby, and hereby irrevocably waives any
objection that such suit, action or proceeding is brought in an inconvenient
forum or that the venue of such suit, action or proceeding is improper. Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT
IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY
DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY.
(b). Termination. This Agreement
may be terminated prior to Closing:
i. by written agreement of the
Creditors and the Company; and
ii. by either the Company or an Creditor (as
to itself but no other Creditor) upon written notice to the other, if the
Closing shall not have taken place by 6:30 p.m. Eastern time on the Outside
Date; provided, that the right to terminate this Agreement under this
Section 8(b) shall not be available to any person whose failure to comply with
its obligations under this Agreement has been the cause of or resulted in the
failure of the Closing to occur on or before such time.
Upon a termination in accordance with this Section 8(b), the
Company and terminating Creditor(s) shall not have any further obligation or
liability (including as arising from such termination) to the other and no Creditor will have any liability to any
other Creditor under this Agreement as a result herefrom and therefrom.
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(c). Successors and Assigns. The
terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties.
(d). No Third-Party
Beneficiaries. This Agreement is intended for the benefit of the parties
hereto and their respective successors and permitted assigns and is not for the
benefit of, nor may any provision hereof be enforced by, any other person,
except as otherwise set forth in Section 6.
(e). Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
Agreement. A facsimile or PDF copy of this Agreement shall be deemed an
original.
(f). Headings. The headings used
in this Agreement are for convenience of reference only and shall not be deemed
to limit, characterize or in any way affect the interpretation of any provision
of this Agreement.
(g). Modification and Waivers.
No provision of this Agreement may be waived or amended except in a written
instrument signed by the Company and the Creditor(s) holding a majority of the
Shares. No waiver of any default with respect to any provision, condition or
requirement of this Agreement shall be deemed to be a continuing waiver in the
future or a waiver of any subsequent default or a waiver of any other provision,
condition or requirement hereof, nor shall any delay or omission of either party
to exercise any right hereunder in any manner impair the exercise of any such
right.
(h). Severability. If any
provision of this Agreement is held to be invalid or unenforceable in any
respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired thereby and the
parties will attempt to agree upon a valid and enforceable provision that is a
reasonable substitute therefor, and upon so agreeing, shall incorporate such
substitute provision in this Agreement.
(i). Entire Agreement. This
Agreement contains the entire understanding of the parties with respect to the
subject matter hereof and supersede all prior agreements, understandings,
discussions and representations, oral or written, with respect to such matters,
which the parties acknowledge have been merged into such documents, exhibits and
schedules.
(j). Further Assurances. The
parties shall execute and deliver all such further instruments and documents and
take all such other actions as may reasonably be required to carry out the
transactions contemplated hereby and to evidence the fulfillment of the
agreements herein contained.
(k). Survival. The
representations, warranties, agreements and covenants contained herein shall
survive the Closing and the delivery of the Shares, until the second anniversary
of the date hereof.
(l). Notices. All notices or
other communications required or permitted by this Agreement shall be writing
and shall be deemed to have been duly received:
i. if given by facsimile or electronic
version, when transmitted and the appropriate telephonic or electronic
confirmation received if transmitted on a business day and during normal
business hours of the recipient, and otherwise on the next business day
following transmission;
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ii. if given by certified or registered
mail, return receipt requested, postage prepaid, three business days after being
deposited in the U.S. mails; and
iii. if given by courier or other means, when
received or personally delivered, and, in any such case, addressed as indicated
herein, or to such other addresses as may be specified by any such party to the
other party pursuant to notice given by such party in accordance with the
provisions of this Section.
[Signature Page to Follow]
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IN WITNESS WHEREOF, the parties have executed this
Agreement or caused their duly authorized officers to execute this Agreement as
of the date first above written.
COMPANY:
CHINA BAK BATTERY, INC.
By: |
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Name: Xiangqian Li |
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Title: Chief Executive Officer
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[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE PAGE
FOR CREDITORS FOLLOWS]
IN WITNESS WHEREOF, the parties have executed this
Agreement or caused their duly authorized officers to execute this Agreement as
of the date first above written.
CREDITOR
Exhibit A
Schedule of Creditors
EXHIBIT B
Creditor Questionnaire
Non-U.S. Persons:
(A) |
_____ |
I hereby represent and warrant that I AM NOT a
U.S. domestic Person. |
U.S. Persons:
(B) |
_____
|
I hereby represent and warrant that I AM a U.S.
domestic Person. (Please also indicate below which category of Accredited
Investor is applicable) |
[To be completed below ONLY IF you ARE a U.S. Person]
PART IFOR INDIVIDUALS ONLY
Accredited Investors:
________ I am an Accredited Investor (as defined in
Rule 501 of Regulation D promulgated under the Securities Act) because I certify
that (check all appropriate descriptions that apply):
(a) ____________ I am
a natural person whose individual net worth, or joint net worth with my spouse,
exceeds $1,000,000. For purposes of this item, "net worth" means the excess of
total assets at fair market value (including personal and real property, but
excluding the estimated fair market value of a person's primary home) over total
liabilities. Total liabilities excludes any mortgage on the primary home in an
amount of up to the home's estimated fair market value as long as the mortgage
was incurred more than 60 days before the Shares are purchased, but includes (i)
any mortgage amount in excess of the home's fair market value and (ii) any
mortgage amount that was borrowed during the 60-day period before the closing
date for the sale of Shares for the purpose of investing in the Shares.
(b)
____________ I am a natural person who had individual
income exceeding $200,000 in each of the last two calendar years and I have a
reasonable expectation of reaching the same income level in the current calendar
year. [For purposes of this item, "income" means annual adjusted gross income,
as reported for federal income tax purposes, plus (i) the amount of any
tax-exempt interest income received; (ii) the amount of losses claimed as a
limited partner in a limited partnership; (iii) any deduction claimed for
depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v)
alimony paid; and (vi) any gains excluded from the calculation of adjusted gross
income pursuant to the provisions of Section 1202 of the Internal Revenue Code
of 1986, as amended.]
(c)
____________ I am a natural person who had joint income
with my spouse exceeding $300,000 in each of the last two calendar years and I
have a reasonable expectation of reaching the same income level in the current
calendar year, as defined above.
(d)
____________ I am a director, executive officer or
general partner of the Company, or a director, executive officer or general
partner of a general partner of the Company. (For purposes of this item,
executive officer means the president; any vice president in charge of a
principal business unit, division or function, such as sales, administration or finance;
or any other person or persons who perform(s) similar policymaking functions for
the Issuer.)
PART IICREDITORS WHO ARE NOT INDIVIDUALS
Accredited Investors
Please check the appropriate description which applies to you.
(a)
____________ A bank, as defined in Section 3(a)(2) of
the Securities Act or any savings and loan association or other institution as
defined in Section 3(a)(5)(A) of the Securities Act, whether acting in an
individual or a fiduciary capacity.
(b)
____________ A broker or dealer registered under Section
15 of the Securities Exchange Act of 1934, as amended.
(c)
____________ An insurance company, as defined in Section
2(13) of the Securities Act.
(d)
____________ An investment company registered under the
Investment Company Act of 1940 or a business development company, as defined in
Section 2(a)(48) of that act.
(e)
____________ A Small Business Investment Company
licensed by the U.S. Small Business Administration under Section 301(c) or (d)
of the Small Business Investment Act of 1958.
(f)
____________ A plan established and maintained by a
state, its political subdivisions or any agency or instrumentality of a state or
its political subdivisions for the benefit of its employees, if the plan has
total assets in excess of $5 million.
(g) ____________ An
employee benefit plan within the meaning of Title I of the Employee Retirement
Income Security Act of 1974, if the investment decision is being made by a plan
fiduciary, as defined in Section 3(21) of such act, and the plan fiduciary is
either a bank, an insurance company, or a registered investment adviser, or if
the employee benefit plan has total assets in excess of $5 million.
(h)
____________ A private business development company, as
defined in Section 202(a)(22) of the Investment Advisers Act of 1940.
(i)
____________ A corporation, Massachusetts or
similar business trust, or partnership, or an organization described in Section
501(c)(3) of the Internal Revenue Code of 1986, as amended, that was not formed
for the specific purpose of acquiring the Shares, and that has total assets in
excess of $5 million.
(j)
_____________ A trust with total assets in excess
of $5 million not formed for the specific purpose of acquiring the Shares, whose
purchase is directed by a sophisticated person as described in Rule
506(b)(2)(ii) under the Securities Act.
(k)
_____________ An entity in which all of the equity
owners are accredited investors and meet the criteria listed in Part I this
Questionnaire.
If you checked (k), please complete the following part of this
question:
(1) List all equity owners:
(2) What is the type of entity?
(3) Have each equity owner respond
individually to Part I of this Questionnaire.
CBAK Energy Technology, Inc. (NASDAQ:CBAK)
過去 株価チャート
から 6 2024 まで 7 2024
CBAK Energy Technology, Inc. (NASDAQ:CBAK)
過去 株価チャート
から 7 2023 まで 7 2024