Loan Certificate between Agricultural Bank of China and Shenzhen BAK Battery Co., Ltd. (July 9, 2007)
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Summary
Shenzhen BAK Battery Co., Ltd. has entered into a loan agreement with the Agricultural Bank of China for a loan of RMB 20,000,000. The loan is intended for working capital and carries an annual interest rate of 6.237%. The term of the loan runs from July 9, 2007, to January 25, 2010. The agreement references specific guaranty contracts and is confirmed by the signatures and stamps of both parties. The bank has approved and transferred the loan amount to the applicant's account.
EX-10.48 15 v097140_ex10-48.htm
Exhibit 10.48
Agricultural Bank of China
Loan Certificate
Date: July 9, 2007
| Applicant | Shenzhen BAK Battery Co., Ltd | ID card of the Applicant | 73109958-5 | |||
| Currency | RMB | Amount | 20,000,000 | |||
| Loan Term | From July 9, 2007 to January 25, 2010 | |||||
| Usage | Working Capital | |||||
| Annual rate | 6.237% | |||||
| Reference Contract No. | 81101200600001989 | Reference Guaranty Contract No. | 81901200600001462; 81902200600005528 | |||
| Signature of Applicant | Stamp of Applicant | Signature of Agricultural Bank of China | Stamp of Agricultural Bank of China | |||
| /s/ Xiangqian Li | ||||||
The above loan has been approved to transfer to your account.
Lending Bank: (Stamp)
