Deerfield Resources, Ltd.: Exhibit 10.15 - Prepared by TNT Filings Inc.



  

Exhibit 10.15


(English Translation) 


Bank Loan Agreement 


	
    Bank 
	
    China Construction Bank Shenzhen Branch  (“Bank”) 

	
    Borrower 
	
    Shenzhen TMK Power Industries Ltd. (深圳市三俊电池有限公司) 
    ("Borrower") 

	
    Execution date 
	
    December 30, 2008. 

	
    Principal 
	
    RMB 30 million. 

	
    Purpose 
	
    Working capital and repayment of the
      loans of other banks. The Borrower may not change the purpose of the loan
      without written consent by the Bank 

	
    Interest 
	
    The interest rate shall be 5% higher
      than the benchmark interest rate. The interest will be settled on a monthly basis. 

	
      
	
     

	
    Repayment and Repayment in
      advance 
	
    The Borrower shall repay the
      principal from the 13th month since the loan is paid, with
      repayment amount of RMB 1 million each month. Repayment in advance shall
      be approved by the Bank with 30 working days notice. 

	
    Representation 

    by Borrower   
	
     •
	
    The Borrower shall notify the Bank in writing
      regarding the change of its name, legal representative, legal address,
      business scope within 5 working days since such change is registered with local
      authority. 

	
      
	
     

	
     •
	
    During the loan period, the Borrower may not
      provide security for the third party with the assets under the loan. 

	
      
	
     

	
     • 
	
    Providing accounting materials and business operation
      materials. 

	
    Preconditions of Loan 
	
    The loan of RMB 20 million can be
      withdrawn by the Borrower before the mortgage in favour of the Bank with
      value of RMB 20 million is created. Among the RMB 20 million, 10 million
      will be used for working capital and the rest for repayment of other
      banks’ loan. The remaining RMB 10 million for working capital can be
      withdrawn after the mortgage is created. 

	
    Security 
	
    Mortgage with value of RMB 20 million. 

	
    Period 
	
    From December 30, 2008 to December 30, 2011. 

	
    Liability for Breach 
	
    The Bank may have one or more options
      as follows if the Borrower breaches the contract or under any event that
      could affect the Bank’s interest, including the material corporate change
      of the Borrower, such as restructuring, merger, demerger, establishing a
      joint venture, assets transfer, deregistration, etc. 

	
      
	
     • 
	
    suspend the payment of loan to the Borrower; 

 

	
      
	
     • 
	
    accelerate the loan; 

 

	
      
	
     • 
	
    request the Borrower to pay liquidated damages
      of 11.34% of the fund under
      the loan which is not used according to the designated purposed under the contract; 

	
      
	
      
	
     

	
      
	
     •
	
    in case of late repayment, charge the Borrower
      with penalty interest and compound interest; 

	
      
	
      
	
     

	
      
	
     •
	
    request for new security by the Borrower; 

 

	
      
	
     •
	
    excise the rights under the mortgage; and 

 

	
      
	
     •
	
    terminate the contract. 

	
    Governing law 
	
    The dispute will be solved through
      the court in the place where the Bank is located. 

	
    and Jurisdiction