Shenzhen Development Bank Loan Certificate with Shenzhen BAK Battery Co., Ltd. (December 20, 2007)
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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 20, 2007, to December 20, 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.
EX-10.9 8 v101568_ex10-9.htm
Signature of the President of Shenzhen Development Bank: /s/ Bo Yu
Shenzhen Development Bank
Loan Certificate (3)
December 20, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | |||||
| Currency | RMB | Amount | 50,000,000.00 | |||
| Loan Term | From December 20, 2007 to December 20, 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
