Shenzhen BAK Battery Co., Ltd and Bank of China Loan Certificate (RMB 70,000,000, August 28, 2007)
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Summary
Shenzhen BAK Battery Co., Ltd has entered into a loan agreement with the Shenzhen Branch of the Bank of China. Under this agreement, the bank will provide a loan of 70 million RMB to the company at an annual interest rate of 7.02%. The loan is intended for working capital purposes and was approved and transferred to the company's account on August 28, 2007. Both parties have signed and stamped the certificate to confirm the transaction.
EX-10.45 12 v097140_ex10-45.htm
Exhibit 10.45
Shenzhen Branch, Bank of China
Loan Certificate (2)
Date: August 28, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | 73109958-5 | |||
| Currency | RMB | Amount | 70,000,000 | |||
| Loan date | August.28, 2007 | |||||
| Usage | Working Capital | |||||
| Annual rate | 7.02% | |||||
| Signature of Applicant | Stamp of Applicant | Signature of Bank of China | Stamp of Bank of China | |||
| /s/ Xiangqian Li | ||||||
The above loan has been approved to transfer to your account.
Lending Bank: (Stamp)
