Shenzhen Development Bank Loan Certificate with Shenzhen BAK Battery Co., Ltd. (December 12, 2007)

Contract Categories: Business Finance › Loan Agreements
Summary

Shenzhen BAK Battery Co., Ltd. has entered into a loan agreement with Shenzhen Development Bank for a loan of RMB 50,000,000. The loan is intended for working capital and carries an annual interest rate of 7.29%. The term of the loan is from December 12, 2007, to December 12, 2008. Both parties have signed and stamped the agreement, confirming their obligations and acceptance of the terms.

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EX-10.7 6 v101568_ex10-7.htm
Shenzhen Development Bank
Loan Certificate (1)

December 12, 2007
 

Applicant
  
Shenzhen BAK Battery Co., Ltd
Currency
  
RMB
  
Amount
  
50,000,000.00
Loan Term
  
From December 12, 2007 to December 12, 2008
Usage
  
Working Capital
Annual rate
  
7.29 %
Signature of Applicant
  
Stamp of Applicant
  
Signature of Shenzhen Development Bank
  
Stamp of Longgang Branch, Shenzhen Development Bank
/s/ Xiangqian Li
      
/s/ Tezheng Chen
    
 
Signature of the President of Shenzhen Development Bank: /s/ Bo Yu