Loan Certificate between Agricultural Bank of China and Shenzhen BAK Battery Co., Ltd. (October 11, 2007)
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Summary
Shenzhen BAK Battery Co., Ltd. has received a loan of RMB 20,000,000 from the Agricultural Bank of China. The loan is to be used for purchasing equipment and machines, with a term from October 11, 2007, to January 25, 2008, at an annual interest rate of 7.65%. The agreement references specific contract and guaranty numbers and confirms that the loan amount has been transferred to the applicant’s account.
EX-10.11 10 v101568_ex10-11.htm
Agricultural Bank of China
Loan Certificate (1)
Date: October 11, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | ||||
| Currency | RMB | Amount | 20,000,000.00 | |||
| Loan Term | From October 11, 2007 to January 25, 2008 | |||||
| Usage | Purchase equipments and machines | |||||
| Annual rate | 7.65% | |||||
| Reference Contract No. | 81101200600001989 | Reference Guaranty Contract No. | 81901200600001462; 81902200600005528 | |||
| Stamp of Applicant | Stamp of Agricultural Bank of China | |||||
The above loan has been transferred to the applicant’s account.
