Unassociated Document


    Summary
      of Comprehensive Credit Facility Agreement between Shenzhen BAK Battery Co.,
      Ltd. and Shuibei Branch, Shenzhen Commercial Bank (“Commercial Bank”) dated May
      15, 2007.

     

    Summary
      of the articles omitted:

    
      	
              Ø

            	
              Contract
                number: Shen Shangyin (Shuibei) Shouxinzi (2007)
                A110020700007

            


    

    
      	
              Ø

            	
              Maximum
                amount for credit facilities to be provided: RMB200
                million;

            


    

    
      	
              Ø

            	
              Term:
                a year starting from May 15, 2007;

            


    

    
      	
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              Interest
                rate of loan: to be determined by each loan agreement/contract to
                be
                signed under this credit facility
                agreement;

            


    

    
      	
              Ø

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

            


    

    
      	 	
              n

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

            


    

    
      	 	
              n

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

            


    

    
      	 	
              n

            	
              Occurrence
                of other instances which make the Commercial Bank think adjustment
                of
                credit facility is necessary;

            


    

    
      	 	
              n

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

            


    

    
      	
              Ø

            	
              Special
                term:

            


    

    
      	 	
              n

            	
              Credit
                facilities under the Comprehensive Agreement can only be used for
                technical innovation, production equipments improvement and purchase
                of
                equipments and raw materials.

            


    

    
      	
              Ø

            	
              Types
                of line of credit

            


    

    
      	
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              The
                use of the line of credit

            


    

    
      	
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              Repayment
                of the loan under the line of
                credit

            


    

    
      	
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              Representation
                and warranty of the lender

            


    

    
      	
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              Miscellaneous

            


    

    
      	
              Ø

            	
              Applicable
                law

            


    

    
      	
              Ø

            	
              Validity