China CITIC Bank

Loan Certificate (2)
 
To Shenzhen Branch, China CITIC Bank:
 
As approved by your bank, we borrowed the loan as follows from your bank. This
loan certificate shall have the same legal force as loan agreement. This loan
certificate shall come into effect when it has been signed and stamped by the
authorized persons of both parties.
 
Applicant
Shenzhen BAK Battery Co., Ltd
 
Loan No.
(2007) Shenying Sundai Zi No. 007
Currency
RMB
 
Amount
50,000,000
Usage
Purchase of raw materials and others
 
Loan start date
April 18, 2007
Loan Term
1 year
 
Loan termination date
April 18, 2008
Annual rate
5.751%
     

 
Signature of Applicant
Stamp of Applicant
 
Signature of China CITIC Bank
Stamp of China CITIC Bank
/s/ Xiangqian Li
   
/s/ Faling Wei
 

 
 
 

--------------------------------------------------------------------------------