Exhibit 10.47

CONFIDENTIALOur Ref: WBG/06/3707 Date  : 5 July 2006

BAK International LimitedBAK Industrial Park, Kuichong Street, Longgang District, Shenzhen, China.

Attention: Mr. Yongbin Han, Vice President

Dear Sirs,

Re:   Facility Letter

We, CITIC Ka Wah Bank Limited (the Bank), are pleased to offer you (the Borrower) the general banking facilities (the Facilities) on the following terms and conditions.

|1.  | Facilities                                             
|--- | -------------------------------------------------------
|    |                                                        
|1.1 | The   facilities are available by way of the following:

| | Extent of Facilities                                                                                                                                                                                                                                                       
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Documentary   Credit (L/C) Facility plus Trust Receipt (T/R) Facility (120 days   inclusive of usance period) plus Negotiation of Export Bills under L/C with   discrepancies supported by Letter of Indemnity Facility (NEGT) up to the   extent of USD6,000,000.00.
| |                                                                                                                                                                                                                                                                            
| | [within   which:                                                                                                                                                                                                                                                           
| | Packing   Credit Facility (P/L) up to the extent of USD3,000,000.00.]                                                                                                                                                                                                    
| |                                                                                                                                                                                                                                                                            
| | Remarks:                                                                                                                                                                                                                                                                   
| | i.                                                                                                                                                                                                                                                                         
| | ii.                                                                                                                                                                                                                                                                        
| | iii.                                                                                                                                                                                                                                                                       
| | iv.                                                                                                                                                                                                                                                                        

|1.2 | The   Facilities will be subject to periodic review, as the Bank deems fit at its sole   and absolute discretion. The Facilities shall expire and be repayable   forthwith as and when the Bank has given the Borrower notice of termination.   Nevertheless, the Bank reserves the right at its sole and absolute discretion   to increase, reduce, cancel and/or demand repayment of the Facilities or any   part or parts thereof at any time to be effective forthwith by notice to the   Borrower.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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CONFIDENTIAL Our Ref: WBG/06/3707 Borrower: BAK International Limited

|2.  | Interest                                                                                                            
|--- | --------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                     
|2.1 | Interest   will be charged on the Facilities, subject to fluctuation, at the following   rate (the Contract Rate):

| | Contract Rate                                                                                                                                                       
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 1.5% over   and above Hong Kong Inter Bank Offered Rate (HIBOR) per annum as quoted by   the Bank on the first day of each period, subject to market availability.

|2.2 | Interest   will accrue from day to day and be calculated on the basis of the actual   number of days elapsed and a 365-day year for Hong Kong Dollar of 360-day   year for United States Dollar or according to the market practice for   calculation of other currencies.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                           
|3.  | Charges and Commissions                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                           
|3.1 | Charges and   commissions will be levied and payable as set out in the following table.   Once paid, such charges and commissions shall not be refundable under any   circumstances.                                                                                      

| | Charges and Commissions
| | -----------------------
| | i.                     
| | ii.                    

|3.2 | Notwithstanding   anything herein contained, the Bank reserves the right to vary the amount of   the charges and commissions set out in the aforesaid table from time to time   at the Banks absolute discretion by giving prior written notice.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                  
|3.3 | If   applicable, the Borrower is also required to pay those charges set out in the   Banking Charges Schedule published by the Bank from time to time.                                                                                           
|    |                                                                                                                                                                                                                                                  
|4.  | Repayment                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                  
|4.1 | Without   prejudice to Clause 1.2, the Facilities together with accrued interest shall   be repaid according to the following Repayment Schedule:                                                                                                

| | Repayment Schedule                                                                                                          
| | ----------------------------------------------------------------------------------------------------------------------------
| | Each advance   together with accrued interest shall be repaid on or before the date   specified in the relevant application.

|5.  | Default Interest                                                                                                                                                                
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                 
|5.1 | The Bank   reserves the right to collect default interest on any sum (whether principal   or interest) overdue and not paid under any of the Facilities at the   following rate:

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CONFIDENTIAL Our Ref: WBG/06/3707 Borrower: BAK International Limited

| | Default Interest Rate                           
| | ------------------------------------------------
| | 4% per annum   over and above the Contract Rate.

|5.2 | Default   interest shall be calculated on basis of the actual number of days elapsed   and a 365-day year for Hong Kong Dollar or 360-day year for United States   Dollar or according to the market practice for calculation of other   currencies.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                     
|6.  | Security                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                     
|6.1 | The   Facilities are granted against the following securities (the Securities)                                                                                                                                                                    

| | Security
| | --------
| | i.      
| | ii.     

|6.2 | The Bank   reserves the right to request for any additional securities as the Bank may   deem fit at its sole and absolute discretion from time to time.                                                                                                                                                                        
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                 
|6.3 | Nothing in   this Facility Letter shall release, terminate or invalidate any security   given or security document signed before the date of this Facility Letter. If   there is any such security or security document, the same shall continue to   secure the Facilities granted or to be granted under this Facility Letter.
|    |                                                                                                                                                                                                                                                                                                                                 
|7.  | Conditions Precedent                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                 
|7.1 | The   Facilities will be available for drawing when the Bank has received the   following documents in form and substance satisfactory to the Bank:                                                                                                                                                                             

| | Documents
| | ---------
| | i.       
| | ii.      
| | iii.     

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CONFIDENTIAL Our Ref: WBG/06/3707 Borrower: BAK International Limited

| | iv.   | Guarantee and Indemnity duly executed by the Corporate Guarantor together with Board Resolutions and Shareholders Resolutions (if
applicable).                                                                                                                          
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | v.    | Guarantee and   Indemnity duly signed by the Personal Guarantor.                                                                                                                                                                                                         
| | vi.   | Guarantor/   Security Provider (Individual) Acknowledgement duly signed by the Personal   Guarantor.                                                                                                                                                                     
| | vii.  | Certified   true copies of identity documents of all authorized signers of the Borrower   and the Corporate Guarantor.                                                                                                                                                   
| | viii. | Supporting   Documents given by the Corporate Guarantor:                                                                                                                                                                                                                 
| |       |                                                                                                                                                                                                                                                                          
| |       | a)                                                                                                                                                                                                                                                                       
| |       | b)                                                                                                                                                                                                                                                                       
| |       | c)                                                                                                                                                                                                                                                                       
| |       | d)                                                                                                                                                                                                                                                                       
| |       |                                                                                                                                                                                                                                                                          
| |       | If any one   of the above-mentioned documents are submitted in copies, certified as true   and complete copies by legal representative plus a seal is required.                                                                                                          
| | ix.   | A legal   opinion to be issued by the Banks appointed lawyer in China on the validity   and enforceability of the Guarantee and Indemnity given by the Corporate   Guarantor in form and substance satisfactory to the Bank. All cost should be   borne by the Borrower.
| | x.    | The   Corporate Guarantee from the Corporate Guarantor to be filed with State   Administration of Foreign Exchange (SAFE).                                                                                                                                               
| | xi    | Certified   true copy of Memorandum and Articles of Association of the Borrower.                                                                                                                                                                                         
| | xii   | Certified   true copy of Business Registration Certificate of the Borrower.                                                                                                                                                                                              
| | xiii. | Certified   true copy of Certificate of Incorporation of the Borrower.                                                                                                                                                                                                   
| | xiv.  | Any other   documents as may reasonably be requested by the Bank from time to time.                                                                                                                                                                                      

|8.  | Language                                                                                                                                                                                                                          
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                   
|8.1 | The Chinese   version of the Facility Letter, if produced, is for reference only and if   there is any conflict between the English and Chinese version, the English   version shall prevail.                                     
|    |                                                                                                                                                                                                                                   
|9.  | Governing Law                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                   
|9.1 | The Facility   Letter shall be governed by the laws of Hong Kong SAR. Each party hereby   irrevocably submits to the non-exclusive jurisdiction of the courts of Hong   Kong SAR as regards any claim or matter arising hereunder.

Kindly sign and return to us the duplicate copy of this Facility Letter to indicate your acceptance of this credit facility arrangement by 26 July 2006 and if not accepted by that date, unless extended by us at our sole and absolute discretion, this offer will be deemed to have lapsed.

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CONFIDENTIAL Our Ref: WBG/06/3707 Borrower: BAK International Limited

Should you have any queries on the completion of the required documents, please do feel free to contact our Ms. Daphne Fong at 3603 2047. For queries on banking arrangements, please contact our Ms. Betty Loo at 2909 6202 or Mr. Silas Ma at 2909 6617 at any time.

Yours faithfully,

|For and on   behalf of      |  | For and on   behalf of                
|--------------------------- |  | --------------------------------------
|CITIC Ka Wah   Bank Limited |  | CITIC Ka Wah   Bank Limited           
|                            |  |                                       
|                            |  |                                       
|/s/ Billy   Wong            |  | /s/ Benson   Lee                      
|                            |  |                                       
|Billy Wong                  |  | Benson Lee                            
|Manager                     |  | Senior Vice   President and Group Head
|Credit   Administration     |  | China   Corporates, HK                

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