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Summary of Loan Agreement Entered into by and between Shenzhen BAK Battery Co., Ltd. (the Company) and Longgang Branch, Shenzhen Development Bank Co., Ltd (the Creditor) Dated June 13, 2011

Main contents:

| | Contract number: Shenfa Longgang Daizi 20110607001;                                                                                                           
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| | Main Contract: Comprehensive Credit Facility Agreement;                                                                                                       
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| | Main Contract number: Shenfa Longgang Zongzi 20110120001;                                                                                                     
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| | Loan principal: RMB 20 million;                                                                                                                               
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| | Loan term: from June 16, 2011 to June 16, 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 the Company;                                                                                            
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| | If any of the following occurs, the Creditor is entitled to demand prepayment of loan principal and interest before maturity and cancel all loans unprovided ;
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Headlines of the articles omitted:

- Interest clearing of the loan
- Payment of the loan
- Rights and obligation of the Company
- Rights and obligations of the Creditor
- Disputation settlement and Validity
- Fees
- Breach of contract penalties
- Declaration, guaranty and undertaking of the Company
- Amendment and Termination of Contract
- Others
- Validity

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