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 the Shenzhen Branch of China CITIC Bank. The bank has approved a loan of 50 million RMB to be used for purchasing raw materials and other purposes. The loan starts on April 18, 2007, and must be repaid within one year, by April 18, 2008, with an annual interest rate of 5.751%. The agreement is legally binding once signed and stamped by both parties.
EX-10.12 13 v082897_ex10-12.htm
Loan Certificate (2)
China CITIC Bank
Loan Certificate (2)
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. 007 | |
| Currency | RMB | Amount | 50,000,000 | |
| Usage | Purchase of raw materials and others | Loan start date | April 18, 2007 | |
| Loan Term | 1 year | Loan termination date | April 18, 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 |
