Deerfield Resources, Ltd.: Exhibit 10.13 - Prepared by TNT Filings Inc.






Exhibit 10.13 

(English Translation) 

Bank Loan Agreement  

	
    Bank 
	
    DBS Bank (China) Limited Shenzhen Branch (“Bank”) 

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

	
    Execution date 
	
    December 16, 2009 

	
    Principal 
	
    The Bank will grant the Borrower a
      loan credit of RMB 15,300,000. The loan will be paid to the Borrower in 36
      monthly installments. The Bank can change, revoke the credit at any time
    upon its discretion. 

	
     Purpose 
	
    Purchasing equipment and business operation (RMB
      11,318,500 for equipment purchase and RMB 3,981,500 for business
      operation). 

	
    Interest 
	
    The interest shall be 30% higher than
      the legal loan rate published by The People’s Bank of China on the date
      when the loan is paid to Borrower. The bank is entitled to adjust the loan
      rate if the legal loan rate changes from time to time. 

	
    Repayment and Repayment in
      advance 
	
    The Borrower shall repay the loan on
      a monthly basis. Repayment in advance shall be approved by the Bank with
      at least one month notice in advance. The fee for prepayment in advance is
      fund cost loss of the Bank or 3% of the amount repaid in advance,
      whichever is higher. 

	
    Preconditions of Loan 
	
    Unless otherwise agreed by the Bank,
      the Borrower shall satisfy all the preconditions before applying for the
      loan credit, including: 

	
    
	
     • 
	
    providing RMB 3,000,000 as deposit with the
      Bank which will be released to the Borrower if the first 6 repayments by
      the Borrower are dully made; 

	 	 	 
	
      
	
     • 
	
    mortgaging certain equipment in favour of the
      Bank; 

	 	 	 
	
    
	
     • 
	
    purchasing insurance for certain equipment with
      the bank as the first beneficiary; 

	 	 	 
	
      
	
     • 
	
    causing Wu Henian, Wang Zongfu, and Huang
      Junbiao to sign individual guarantee agreement for the loan in favour of the Bank. 

	
      
	
      
	
     

	
    Representation 
	
    The Borrower shall: 

	
    by Borrower 
	
     • 
	
    notify the Bank of any change of its directors
      or shareholders, revision or amendment of its business license and
      articles of association, and make sure such change, revision or amendment
      will not cause adverse impact on the interest of the Bank; 

	 	 	 
	
    
	
     • 
	
    not pledge the outstanding receivables in
      favour of any third party without approval by the Bank; 

	 	 	 
	
      
	
     • 
	
    notify
      the Bank immediately of any event that will affect the capability of the Borrower or guarantors to perform the
      obligations under the loan agreement and related documents.
  



	
    Security 
	
    Borrower shall provide RMB 3,000,000 as deposit
    with the Bank which will be released to Borrower if the first 6 repayments
    by the Borrower are duly made. Individual guarantee is also required. 

	
    Period of Credit 
	
    3 years commencing from the date the loan is
    paid to the Borrower. 

	
    Liability for 
    Breach 
	
    If the Borrower fails to observe the agreement,
    which causes damages or losses to the Bank, the Borrower shall compensate
    such damages or losses. The amount of compensation shall be equal to losses
    suffered by the Bank due to the Borrower's breach. 

	
    Governing law and
    Jurisdiction
    
	
    PRC Law governs to the contract. The parties
    accept the non-exclusive jurisdiction of PRC court in the place where the
    Borrower is located.