**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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| Ø | 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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| Ø | 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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| Ø | Interest                rate of loan shall be subject to each loan agreement/contract to                be                signed; |
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| Ø | Adjustment                of credit can be made by Agricultural Bank under the any of the                following: |
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|   | n | The                Company suffers severe operational risk or its financial situation                severely deteriorates; |
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|   | n | The                Company is involved in any material litigation or arbitration, or                in                material breach of any other                contract; |
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|   | n | Guarantor’s                payment ability is obviously weakened or value of pledged collaterals                decreases obviously; |
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|   | n | Occurrence                of other instances which make Agricultural Bank think adjustment                of credit                facility is necessary. |
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| 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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| Ø | Special                terms: |
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|   | 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. |
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|   | n | This                credit facility agreement is guarantied by the Guaranty Contract                of                Maximum Amount (reference no. 81905200700000125). |
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**Summary      of the articles **
**omitted      **

| Ø | Definition |
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| Ø | Credit                types used for the line of credit |
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| Ø | Use                of the line of credit |
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| Ø | The                guarantee of the loan under this                Agreement |
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| Ø | Adjustment                of the line of credit |
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| Ø | Dispute                settlement |
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| Ø | Miscellaneous |
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| Ø | Validity |
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| Ø | Notes |
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