Exhibit
      10.41

     

    Summary
      of Loan Agreement by and between Shenzhen BAK Battery Co., Ltd. and Shenzhen
      Eastern Branch, Agricultural Bank of China dated July 2,
      2007.

     

    Summary
      of the main articles 

     

    
      	
              ·

            	
              Contract
                number: NO.81101200700001183

            


    

    
      	 	 


      	
              ·

            	
              Loan
                Principal: RMB100 million;

            


      	 	 


    

    
      	
              ·

            	
              Loan
                term: twelve months starting from the date loan is actually provided
                to
                the Company.

            


    

    
      	 	 


      	
              
                ·

              

            	
              Floating
                interest rate: annually 6.57%, subject to the changing of the benchmark
                rate of People’s Bank of China. 

            


      	 	 


    

    
      	
               

            	
              ·

            	
              Penalty
                interest rate for delayed repayment: 5.022% plus 50%
                *5.022%;

            


    

    
      	 	 	 


      	 	
              ·

            	
              Penalty
                interest rate for embezzlement of loan proceeds: 5.022% *
                2;

            


      	 	 	 


    

    
      	
              ·

            	
              Purpose
                of the loan is to provide working capital for the Company;
                

            


    

    
      	 	 


      	
              
                ·

              

            	
              Advanced
                repayment of loan needs to be approved by the Lender;
                

            


      	 	 


    

    
      	
              ·

            	
              Breach
                of contract penalties: suspension of loan un-provided, demand prepayment
                of loan principal and interest before maturity; imposition of punitive
                interest; compensation for the Lender’s expenses incurred due to the
                Company’s breach of contract such as lawyer’s fee, travel cost in case of
                litigation, etc.

            


    

    


    Summary
      of the articles omitted 

     

    
      	
              ·

            	
              Types
                of the loan 

            


    

    
      	 	 


      	
              ·

            	
              Clearing
                of the loan interest 

            


      	 	 


    

    
      	
              ·

            	
              Condition
                precedent to the drawing of the loan


            


    

    
      	 	 


      	
              ·

            	
              Rights
                and obligations of the borrower

            


      	 	 


    

    
      	
              ·

            	
              Rights
                and obligations of the lender 

            


    

    
      	 	 


      	
              ·

            	
              Guarantee
                of the loan 

            


      	 	 


    

    
      	
              ·

            	
              Dispute
                settlement 

            


    

    
      	 	 


      	
              ·

            	
              Miscellaneous
                

            


      	 	 


    

    
      	
              ·

            	
              Validity

            


    

    
      	 	 


      	
              ·

            	
              Notes