Ø Contract number: (2008) Shenyinsun daizi NO.017; Ø Loan principal: RMB 39 million; Ø Loan term: from October 17th, 2008 to January 17th, 2009; Ø Interest rate: fixed at 6.12%; n Penalty interest rate for delayed repayment: 6.12% plus 50% *6.12%; n...Loan Agreement • February 9th, 2009 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Contract Type FiledFebruary 9th, 2009 Company Industryn Embezzling loan (i.e. using loan proceeds for purposes other than what is agreed in the contract without the consent of the Creditor);
Ø Contract number: (2008) Shenyinsun daizi NO.015; Ø Loan principal: RMB 40 million; Ø Loan term: from October 15th, 2008 to January 15th, 2009; Ø Interest rate: fixed at 6.12%; n Penalty interest rate for delayed repayment: 6.12% plus 50% *6.12%;Loan Agreement • February 9th, 2009 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
Contract Type FiledFebruary 9th, 2009 Company Industryn Embezzling loan (i.e. using loan proceeds for purposes other than what is agreed in the contract without the consent of the Creditor);