Unassociated Document


    Comprehensive
      Credit Facility Agreement Of Maximum Amount Entered into Between Shenzhen BAK
      Battery Co., Ltd (“the Company”) and Shenzhen Eastern Branch, Agricultural Bank
      of China (“Agricultural Bank”)

     

    Summary
      of the main articles: 

    
      	
              Ø

            	
              Contract
                number: No.81001200713170001;

            


    

    
      	
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              Maximum
                amount for credit facilities to be provided: RMB 800 million, including
                RMB 600 million one-year term credit facilities and RMB 200 million
                five-year term credit facilities;

            


    

    
      	
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              Term:
                from June 8, 2007 to May 23, 2008, except
                as to funds borrowed under a loan agreement dated November 23, 2006,
                which
                may be drawn at any time within five years of the effective date
                of the
                loan agreement;

            


    

    
      	
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              Interest
                rate of loan shall be subject to each loan agreement/contract to
                be
                signed;

            


    

    
      	
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              Adjustment
                of credit can be made by Agricultural Bank under the any of the
                following:

            


    

    
      	 	
              n

            	
              The
                Company suffers severe operational risk or its financial situation
                severely deteriorates;

            


    

    
      	 	
              n

            	
              The
                Company is involved in any material litigation or arbitration, or
                in
                material breach of any other
                contract;

            


    

    
      	 	
              n

            	
              Guarantor’s
                payment ability is obviously weakened or value of pledged collaterals
                decreases obviously;

            


    

    
      	 	
              n

            	
              Occurrence
                of other instances which make Agricultural Bank think adjustment
                of credit
                facility is necessary.

            


    

    
      	
              Ø

            	
              Breach
                of contract penalty: adjustment of credit, cancellation of unused
                credit,
                imposition of punitive interest, demand prepayment of loan and other
                measures;

            


    

    
      	
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              Special
                terms:

            


    

    
      	 	
              n

            	
              Should
                there be any discrepancy between this credit facility agreement and
                any
                loan agreement to be signed under this credit facility agreement,
                the loan
                agreement shall prevail. 

            


    

    
      	 	
              n

            	
              This
                credit facility agreement is guarantied by the Guaranty Contract
                of
                Maximum Amount (reference no. 81905200700000125).

            


    

    


    Summary
      of the articles omitted
      

    
      	
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              Definition

            


    

    
      	
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              Credit
                types used for the line of credit

            


    

    
      	
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              Use
                of the line of credit 

            


    

    
      	
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              The
                guarantee of the loan under this
                Agreement

            


    

    
      	
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              Adjustment
                of the line of credit

            


    

    
      	
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              Dispute
                settlement 

            


    

    
      	
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              Miscellaneous
                

            


    

    
      	
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              Validity
                

            


    

    
      	
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              Notes