Shenzhen Ping An Bank Loan Certificate (2) between Shenzhen BAK Battery Co., Ltd and Shenzhen Ping An Bank dated September 6, 2007
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Summary
Shenzhen BAK Battery Co., Ltd has entered into a short-term loan agreement with Shenzhen Ping An Bank for RMB 20,000,000. The loan is intended for working capital and carries an annual interest rate of 6.318%. The term of the loan is from September 6, 2007, to September 6, 2008. The agreement is formalized by signatures and stamps from both parties, and the funds have been approved for transfer to the borrower's account.
EX-10.47 14 v097140_ex10-47.htm
Exhibit 10.47
Shenzhen Ping An Bank
Loan Certificate (2)
Date: September 6, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | 73109958-5 | |||
| Currency | RMB | Amount | 20,000,000 | |||
| Loan Term | From September 6, 2007 to September 6, 2008 | |||||
| Usage | Working Capital | |||||
| Annual rate | 6.318 % | Loan type | Short-term | |||
| Reference Contract | Shen shangyin (Shuibei) Shouxinzi (2007) A110020700007 | |||||
| Signature of Applicant | Stamp of Applicant | Signature of Shenzhen Ping An Bank | Stamp of Shenzhen Ping An Bank | |||
| /s/ Xiangqian Li | ||||||
The above loan has been approved to transfer to your account.
Lending Bank: (Stamp)
