Loan Certificate between Shenzhen BAK Battery Co., Ltd and Bank of China Shenzhen Branch (RMB 50,000,000)
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Summary
Shenzhen BAK Battery Co., Ltd has entered into a loan agreement with the Shenzhen Branch of the Bank of China for a working capital credit facility of RMB 50,000,000. The loan term is from November 27, 2007, to November 27, 2008, with an annual interest rate of 7.29%. The funds have been approved and transferred to the applicant’s account. Both parties have stamped the certificate to confirm the agreement.
EX-10.6 5 v101568_ex10-6.htm
Shenzhen Branch, Bank of China
Loan Certificate
Date: November 27, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | ||||
| Currency | RMB | Amount | 50,000,000 | |||
| Loan term | From November 27, 2007 to November 27, 2008 | |||||
| Usage | Working Capital | |||||
| Credit Facility Contract No. | (2007) Zhen Zhongyin E Xiezi No. 000274 | |||||
| Annual rate | 7.29% | |||||
| Stamp of Applicant | Stamp of Bank of China | |||||
The above loan has been approved to transfer to the applicant’s account.
Lending Bank: (Stamp)
