Loan Certificate between Shenzhen BAK Battery Co., Ltd and Agricultural Bank of China (October 11, 2007)
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Summary
Shenzhen BAK Battery Co., Ltd has received a loan of RMB 30,000,000 from the Agricultural Bank of China, effective from October 11, 2007 to January 25, 2009. The loan is to be used for purchasing equipment and machines, with 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-10.12 11 v101568_ex10-12.htm
Agricultural Bank of China
Loan Certificate (2)
Date: October 11, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | ||||
| Currency | RMB | Amount | 30,000,000.00 | |||
| Loan Term | From October 11, 2007 to January 25, 2009 | |||||
| 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.
