Summary
      of Comprehensive Credit Facility Agreement of Maximum Amount Entered into by
      Shenzhen BAK Battery Co., Ltd (the “Company”) and Shenzhen Branch, China CITIC
      Bank Co., Ltd (the “Creditor”) on May 9th, 2008

    


    Main
      contents: 

    
      	
              Ø

            	
              Contract
                number: (2008)ShenYinSun
                ZongZi 003;

            


    

    Maximum
      amount of credit facilities to be provided: RMB150 million;

    
      	
              Ø

            	
              Term:
                from May 9th,
                2008 to Nov.9th,
                2008;

            


    

    
      	
              Ø

            	
              Adjustment
                of credit can be made by China Citic Bank under any of the
                followings:

            


    

    
      	 	
              n

            	
              The
                Company suffers severe operational risk or
                difficulties;

            


    

    
      	
            	n	
              Occurrence
                of great changes in the Company’s operational system (including dividing,
                merging, closing etc.) 

            


    

    
      	 	
              n

            	
              The
                Company’s payment ability is obviously weakened, the risk of repayment
                increased; or occurrence of delay in repaying the
                loan;

            


    

    
      	 	
              n

            	
              Occurrence
                of great changes in market;

            


    

    
      	 	
              n

            	
              Occurrence
                of other situations that the Creditor thinks adjustment of credit
                facility
                is necessary.

            


    

    
      	
              Ø

            	
              Breach
                of contract: providing false information for hiding the actual condition
                of the Company; the Company’s credit rate deteriorates, and its ability of
                repayment is obviously weakened; breach of the obligations agreed
                in the
                sub-contract under this contract; breach of other obligations agreed
                in
                the contract;

            


    

    
      	
              Ø

            	
              Breach
                of contract penalty: suspension or reduction of credit facilities,
                till
                cancellation of all approved credit facilities; declaration of all
                or part
                of the credit facilities becoming mature in advance to its original
                expiry
                date; require the Company to compensate for all the
                loss;

            


    

    Headlines
      of the articles omitted
      

    
      	
              Ø  Definition
                and explanation 

            
	
              Ø  The
                guaranty of the loan under this Agreement

            
	
              Ø  Other
                rights and obligation

            
	
              Ø  Expenses

            
	
              Ø  Validity

            
	
              Ø  Notification

            
	
              Ø  Effectiveness

            
	
              Ø  Text

            
	
              Ø  Supplemental