Loan Certificate between Shenzhen BAK Battery Co., Ltd and China CITIC Bank (Shenzhen Branch)
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Summary
Shenzhen BAK Battery Co., Ltd has entered into a loan agreement with China CITIC Bank's Shenzhen Branch for a loan of RMB 50,000,000. The loan is intended for the purchase of raw materials and other uses, with a term of one year starting April 16, 2007, and ending April 16, 2008. The annual interest rate is 5.751%. The agreement is legally binding once signed and stamped by both parties.
EX-10.11 12 v082897_ex10-11.htm Unassociated Document
China CITIC Bank
Loan Certificate (1)
| To Shenzhen Branch, China CITIC Bank: As approved by your bank, we borrowed the loan as follows from your bank. This loan certificate shall have the same legal force as loan agreement. This loan certificate shall come into effect when it has been signed and stamped by the authorized persons of both parties. | ||||||
| Applicant | | Shenzhen BAK Battery Co., Ltd | | Loan No. | | (2007) Shenying Sundai Zi No. 006 |
| Currency | | RMB | | Amount | | 50,000,000 |
| Usage | | Purchase of raw materials and others | | Loan start date | | April 16, 2007 |
| Loan Term | | 1 year | | Loan termination date | | April 16, 2008 |
| Annual rate | | 5.751% | | | | |
| Signature of Applicant | | Stamp of Applicant | | Signature of China CITIC Bank | | Stamp of China CITIC Bank |
| /s/ Xiangqian Li | | | | /s/Faling Wei | | |
