Loan Certificate between Shenzhen BAK Battery Co., Ltd and Industrial Bank Co. Ltd (March 25, 2008)
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Summary
Shenzhen BAK Battery Co., Ltd has entered into a loan agreement with the Shenzhen Hi-tech Industrial Park Branch of Industrial Bank Co. Ltd. The bank will provide a loan of RMB 50,000,000 to be used as working capital, with a term from March 25, 2008, to March 25, 2009, at a monthly interest rate of 6.225‰. The loan is guaranteed and is governed by a referenced contract. The funds have been approved and transferred to the applicant's account.
EX-10.7 7 v113630_ex10-7.htm Unassociated Document
Shenzhen Hi-tech Industrial Park Branch, Industrial Bank Co. Ltd
Loan Certificate
Date: March 25, 2008
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | |
| Currency | RMB | Amount | 50,000,000.00 |
| Loan Term | From March 25, 2008 to March 25, 2009 | ||
| Usage | Working Capital | ||
| Monthly rate | 6.225‰ | Loan type | Guaranty |
| Reference Contract | Xing yin Shen gaoxinqu(shouxin) duanjiezi 2008 001 | ||
| Stamp of Applicant | Stamp of Industrial Bank | ||
The above loan has been approved to transfer to your account.
Lending Bank: (Stamp)
