Shenzhen Development Bank Loan Certificate with Shenzhen BAK Battery Co., Ltd. (December 14, 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 will be in effect from December 14, 2007, to December 14, 2008, with an annual interest rate of 7.29%. Both parties have signed and stamped the agreement, confirming their obligations and the terms of the loan.

Read More Arrow
EX-10.8 7 v101568_ex10-8.htm
Shenzhen Development Bank
Loan Certificate (2)

December 14, 2007

Applicant
  
Shenzhen BAK Battery Co., Ltd
Currency
  
RMB
  
Amount
  
50,000,000.00
Loan Term
  
From December 14, 2007 to December 14, 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