This copy is the receipt for Remitter from remitting bank Anshan Rural Commercial Bank Certificate of Telegraphic Transfer (Receipt) 1
Exhibit 10.42
This copy is the receipt for Remitter from remitting bank
Anshan Rural Commercial Bank Certificate of Telegraphic Transfer (Receipt) 1
| □ General | □Urgent | Date of entrustment: November 16, 2015 |
| ||||||||
| Remitter | Full name | Northern Altair Nanotechnologies Co., Ltd. |
| Full name | Northern Altair Nanotechnologies Co., Ltd. | ||||||
| Account No. | 265312010105947793 | Receiver | Account No. | 866350100100082672 | |||||||
| Place of remitting | Anshan City / County, Liaoning Province | Place of receiving | Handan City / County, Hebei Province | ||||||||
| Name of remitting bank | Business Department of Anshan Rural Commercial Bank | Name of receiving bank | Wu'an Branch of Bank of Handan | ||||||||
| Amount | RMB ( in words) | RMB Nine Million Eight Hundred and Thirty-two Thousand Five Hundred and Sixty Only | Amount | ||||||||
| ￥9,832,560.00 | |||||||||||
| Payment password | |||||||||||
| Additional information and usage: Transfer | |||||||||||
|
Large-amount bank No.: 313129500004 | |||||||||||
| Signature or seal of remitting bank | Reviewed by | Bookkeeping | |||||||||
Wang Xiao
130481198404245123
This copy is the collection notice given to the Bearer by the bank
| | 4020005123559356 | ||||||||||||||||
| 182 days | 4020005123559357 | ||||||||||||||||
| Application date: November 16, 2015 | No.: | ||||||||||||||||
| Discount draft | Category | Bank acceptance | No.: | Bearer | Description | Northern Altair Nanotechnologies Co., Ltd. | |||||||||||
| Date of draft | November 13, 2015 | Account No. | 265312010105947793 | ||||||||||||||
| Maturity date | May 13, 2016 | Opening bank: | Business Department of Anshan Rural Commercial Bank Co., Ltd. | ||||||||||||||
| Draft acceptor | Description | Hebei Yinlong New Energy Co., Ltd. | Account No. | Opening bank: | Wu'an Credit Cooperatives | ||||||||||||
| Draft amount | RMB ( in words) | RMB Ten Million Only ￥100,000,00.00 | Amount | ||||||||||||||
| ￥100,000,00.00 | |||||||||||||||||
| Rate of discount | 3.312% | Existing interest | Amount | Buyer's discount amount | Amount | ||||||||||||
| ￥167,440.00 | ￥9,832,560.00 | ||||||||||||||||
| The discount amount has been deposited in your unit's account: | Notes: | ||||||||||||||||
| Bank seal | |||||||||||||||||
| ____________DD/MM/YYYY | Post Supervision | Reviewed by | Bookkeeping | ||||||||||||||
Anshan Rural Commercial Bank Discount Voucher (Collection Notice) 4
Application for Withdrawal of the Bank Settlement Account
| Account name | Northern Altair Nanotechnologies Co., Ltd. | ||||
| Name of opening bank | Business Department of Anshan Rural Commercial Bank | ||||
| Opening bank code | 314223023019 | Account No. | 265312010105947793 | ||
| Nature of account | Basic () Special () General (√) Temporary () personal () | ||||
| Account opening license standard No.: | J1295000717102 | ||||
| Reasons for account cancellation |
| ||||
| This Depositor applies for the modification of the aforementioned bank account content; make the commitment that account opening information provided is true and valid.
Northern Altair Nanotechnologies Co., Ltd. (seal) | Audit opinion of opening bank:
Handle by (signature):
Anshan Rural Commercial Bank Co., Ltd. (seal) | Audit opinion of People's Bank: Handle by (signature): | |||
|
DD/MM/YYYY Sealed by Wei Guohua | Opening bank (signature and seal) DD/MM/YYYY | People's Bank (signature and seal) DD/MM/YYYY | |||
Depositor (signature and seal) Instructions for filling in the form:
1. Fill the options with bracket by "√".
2. This application form is in triplicate, each for Depositor, opening bank and local sub-branch of People's Bank of China holding.
The first copy: kept by account-opening unit
Application of Opening Unit Bank Settlement Account
| Depositor name | Northern Altair Nanotechnologies Co., Ltd. | Tel: | 0310 ###-###-#### | |||||||||||||||
| Address: | North of Dongzhuchang Village, Wu'an Town, Wu'an County, Handan City, Hebei Province; | Postal code | 056000 | |||||||||||||||
| Depositor category | Limited Liability Company | Organization code | 596827470 | Validity period: May 7, 2018 | ||||||||||||||
| Legal representative () | Name | Wei Guohua | Certificate type | ID card | ||||||||||||||
| ID No. | 130481197806110059 | ID expiry date | April 22, 2029 | |||||||||||||||
| Unit head () | Name | Certificate type | ||||||||||||||||
| ID No. | ID expiry date | DD/MM/YYYY | ||||||||||||||||
| Agent () | Name | Certificate type | ||||||||||||||||
| ID No. | ID expiry date | DD/MM/YYYY | ||||||||||||||||
| Controlling shareholder () | Name | Certificate type | ||||||||||||||||
| Actual controller () | ID No. | ID expiry date | DD/MM/YYYY | |||||||||||||||
| Industry classification | A( ) | B( ) | C( ) | D( ) | E( ) | F( ) | G( ) | H( ) | I( ) | J( ) | ||||||||
| K( ) | L( ) | M( ) | N( ) | O( ) | P( ) | Q( ) | R( ) | S( ) | T( ) | |||||||||
| Registered capital | RMB Two Hundred Million Only | Area code | ||||||||||||||||
| Business scope | The scientific research, development and production, technical service and support in the fields of nanotechnology and energy storage system; Batter materials (exclusive...) | |||||||||||||||||
| Type of documentary evidence | Business license | Documentary evidence number | 91130481596827470T | Validity period: May 7, 2018 | ||||||||||||||
| Valid until (DD/MM/YYYY) | ||||||||||||||||||
| Tax Registration Certificate (national / government tax) No. | 130481596827470 | Organization credit code | G10130481000717169 | Valid until (DD/MM/YYYY) | ||||||||||||||
| Affiliated enterprise: | Fill information of affiliated enterprises in the "Registration Form of affiliated enterprise". | |||||||||||||||||
| Nature of account | Basic ( ) | General ( ) | Special ( ) | Temporary ( ) | ||||||||||||||
| Fund property | The temporary deposit account will valid until | DD/MM/YYYY | ||||||||||||||||
| Information about superior legal person or competent unit of Depositor are shown as follows: |
| Name of Superior legal person or competent unit | ||||||||||||||||||
| Grant No. of account opening license for basic deposit account | Organization code | |||||||||||||||||
| Legal representative () Unit head ()
| Name | |||||||||||||||||
| Certificate type
| ID expiry date | DD/MM/YYYY | ||||||||||||||||
| ID No. | ||||||||||||||||||
The following columns shall be filled by the opening bank after review:
| Name of opening bank | Business Department of Anshan Rural Commercial Bank | Opening bank code | 314223023019 | |
| Account name | Northern Altair Nanotechnologies Co., Ltd. | Account No. | 265312010105947793 | |
| Grant No. of account opening license for basic deposit account | J1295000717102 | Opening date | November 16,2015 | |
| The Depositor applies for the settlement account number of the account opening bank and promised that the provided account information is real and effective. Depositor (official Seal)
Northern Altair Nanotechnologies Co., Ltd. (seal) | Audit opinion of opening bank: Handle by (signature and seal): Bank (Signature and seal)
____________DD/MM/YYYY Anshan Rural Commercial Bank Co., Ltd. (seal) | Audit opinion of People's Bank: (except for the non-approved accounts) Handle by (signature and seal): People's Bank(signature and seal) | ||
|
Sealed by Wei Guohua | MM/YYYY seal | MM/YYYY seal | ||
November 16, 2015
Filling explanation:
1. The valid date must be written to apply for opening the temporary deposit account; the fund property must be written to apply for opening the special deposit account.
2. The industrial standard is published by the bank in the business premises. The industry category represented by each letter in "industry classification" is as follows: A: Agriculture, forestry, animal husbandry and fishery; B: Mining; C: Manufacturing industry; D: Electricity, fuel gas and water production and supply industry; E: Construction industry; F: Transportation, warehousing and postal services; G: Data transmission, computer services and software industry; H: Wholesale and retail industry; I: Lodging and catering industry; J: Financial services; K: Real estate industry; L: Lease and commercial service industry; M: Scientific research, technical service and address exploration industry; N: Water, environment and public facilities management industry; O: Resident services and other services; P: Education industry; Q: Health, social security and social welfare; R: Culture, education and entertainment industry; S: Public management and social organization T: Other industry
3. Fill the options with bracket by "√".
4. This application form is in triplicate, each for account-opening unit, opening bank and local sub-branch of People's Bank of China holding.
Agreement No.: __________
Discount Agreement of Bank Acceptance Bill
Party A (Buyer) is Anshan Rural Commercial Bank Co., Ltd.
Party B (Seller) is Northern Altair Nanotechnologies Co., Ltd.
According to Negotiable Instruments Law of the People's Republic of China and stipulations in other laws and regulations, and based on the principles of equity, voluntariness, integrity and credibility, Party A and Party B reach the following articles to be obeyed and executed together after the full negotiation.
Article 1 Discount amount and shares
Party B shall provide (In Words) Two (In Figures: 2) bank acceptance bills with the total face amount of (in words) RMB Ten Million Only, (in figures) RMB 10,000,000.00, to apply to Party A for handling the discount;
After Checking, Party A Shall Agree To Handle the Discount for the Aforementioned (In Words) Two (In Figures: 2) Bank Acceptance Bills with the Total Face Amount of (In Words) RMB Ten Million Only, (In Figures) RMB 10,000,000.00.
Article 2 Party A and Party B agree:
The discount interest rate shall be 3.312%; the actual transfer amount shall be (in figures) RMB 9,832,560.00, with the interest of (in figures) RMB 167,440.00.
Article 3 Rights and obligations of Party A and Party B:
1. If the accepting bank refuses to accept the bank acceptance bill provided by Party A under this Agreement, Party A will recourse Party B according to Negotiable Instruments Law of the People's Republic of China and other relevant laws and regulations as well as Article 5 under this Agreement.
2. The amount of discount handled after checked and agreed by Party A shall be transferred on the current day, and the amount shall be remitted to the bank account designated by Party B according to the transmit way chosen by both parties during the reasonable period;
The bank account designated by Party B is:
Account name: Northern Altair Nanotechnologies Co., Ltd. ;
Opening bank: Business Department of Anshan Rural Commercial Bank Co., Ltd.;
Account No.: 265312010105947793 ;
3. If Party A violates the stipulation in Paragraph 2 of this article, Party B shall be entitled to require Party A to return the default bills;
4. Party B shall guarantee that acquisition of the bill under this Agreement confirms to the Law of Negotiable Instrument and the stipulations in the relevant laws; The bank acceptance bill and all the data provided by it shall be legal, true and valid, and Party B shall be responsible for any loss caused due to inconformity with the aforementioned matters;
Article 4 Liability for Breach of Contract:
Either Party A or Party B shall compensate the other party for the loss due to failure to perform the obligations stipulated in the agreement.
Article 5 Recourse and calculation of the delayed interest:
Party A shall have the right of recourse to Party B under each bank acceptance bill of which the discount is handled by Party A for Party B. Party A should notify Party B of the matters of payment refusal in writing; Party B should guarantee to transfer the draft amount and delayed interest of the payment refused (the draft amount shall be calculated according to the interest rate stipulated by People's Bank of China from the due date or presentment for pay day to the liquidation day) to the account designated by Party A within 3 working days from the second day after receiving the written recourse notice, and should get back the bill after Party A receives the aforementioned amount.
Article 6 Way of Dispute Settlement
The matters uncovered in this Agreement can be settled by both parties' friendly negotiation or litigation; if the litigation is adopted, the legal proceedings shall be instituted in the People's Count in the place where Party A is located.
Article 7 Validation of the agreement
The text of this Agreement is in duplicate, and it will take effect from the date when Party A's and Party B's legal representatives (person in charge) or their authorized agents sign or seal the official seal on it. Each party holds one copy with the same legal effects.
Article 8 Others agreed on by both parties:
___________________________________________________________________________________________________________________________________________
___________________________________________________________________________________________________________________________________________
___________________________________________________________________________________________________________________________________________
| Party A: Anshan Rural Commercial Bank Co., Ltd. | Party B: Northern Altair Nanotechnologies Co., Ltd. |
| (Seal)
Financial Market Department of Anshan Rural Commercial Bank Co., Ltd. (Seal) | (seal)
Northern Altair Nanotechnologies Co., Ltd. (seal) |
| Legal Representative (or person in charge):
Sealed by Wei Lixin | Legal representative:
Sealed by Wei Guohua |
| November 16, 2015 | November 16, 2015 |
Bill Discounting Business List
| S/N | Draft number | Draft amount | Date of draft | Maturity date | Full name of the Drawer | Drawer's account No.: | Full name of the paying bank | Bank number | Address of paying bank | Discount date | Day of the week | Adjust | Number of days | Interest rate % | Interest | Amount actually paid |
| 1 | 4020005123559356 | 5,000,000.00 | November 13, 2015 | May 13, 2016 | Hebei Yinlong New Energy Co., Ltd. | 068880122000068956 | Wu'an Credit Cooperatives | 402129500018 | Wu'an | November 16, 2015 | V | 3 | 182 | 3.312 | 83,720.00 | 4,916,280.00 |
| 2 | 4020005123559357 | 5,000,000.00 | November 13, 2015 | May 13, 2016 | Hebei Yinlong New Energy Co., Ltd. | 068880122000068956 | Wu'an Credit Cooperatives | 402129500018 | Wu'an | November 16, 2015 | V | 3 | 182 | 3.312 | 83,720.00 | 4,916,280.00 |
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| 10,000,000.00 | 167,440.00 | 9,832,560.00 |
