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Summary of Loan Agreement Entered into by and between
Shenzhen BAK Battery Co., Ltd. (the Company) and Shenzhen Eastern Branch,
Agricultural Bank of China (the Creditor) dated January 18,
2011

Main contents

| | Contract number: 81010120110000067;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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| | Loan principal: RMB 50 million;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | Loan term: from January 18, 2011 to January 18,
    2012;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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| | Floating interest rate: Interest rate of loan shall be
      equal to the benchmark rate announced by the Peoples Bank of China, and
      be adjusted every 3 months;                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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| | Purpose of the loan is to provide working capital for
      loan payment of the Company;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | Advanced repayment of loan needs to be approved by the
      Creditor;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | Breach of contract penalties: correct the breach of
      contract in time limit; suspension of loan unprovided; release loan
      agreement, demand prepayment of loan principal and interest before
      maturity; imposition of punitive interest incurred due to delayed loan;
      imposition of punitive interest for embezzlement of loan; imposition of
      plural interest for unpaid interest; withdraw from any accounts of the
      Company the loan principal, interest and other fees; compensation for the
      Creditors expenses incurred due to demanding the loan principal and
      interest in case of litigation, etc.



:Headlines
of the articles omitted

- Termination and explanation
- Undertaking of the Company
- Loan arrangement
- Interest clearing of the loan
- Payment of the loan
- Rights and obligation
- Interest penalty of loan
- Guarantee of the loan agreement
- Disputation settlement
- Validity
- Text

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