Summary of Contract for
Assignment of Shenzhen Land Use Right Entered into by and between Shenzhen
Municipal Bureau of Land Resources and Housing Management (“Party A”) and
Shenzhen BAK Battery Co., Ltd (“Party B”) on June 29th, 2007

    


    Main
Terms:

    
      	
              Ø

            	
              On
      the signing date of this agreement, Party A assigns the land use right of
      the land no. G15322-0058) with an area of 38,847.35 square meters to Party
      B, and Party B has no objection to the current status of the land. It
      deems that the Party A has delivered the land to Party B since the signing
      date of the agreement.

            


    

    
      	
              Ø

            	
              The
      term for the land use right is 50 years, from June 29th,
      2007 to June 28th,
      2057;

            


    

    
      	
              Ø

            	
              The
      ownership of the land is People’s Republic of China. Both natural resource
      and treasure trove under the ground are out of the range of the remised
      right to the use of land.

            


    

    
      	
              Ø

            	
              The
      regulation for land usage:

            


    

    
      
        	
                
                

              	
                2

              	
                Coverage
      ratio (Construction density): ≤45%;

              


      

    

    
      
        	
                
                

              	
                2

              	
                Plot
      ratio (construction area density): ≤1.20;

              


      

    

    
      
        	
                
                

              	
                2

              	
                Total
      construction area should be less than 50,500 square
      meters;

              


      

    

    
      	
              Ø

            	
              The
      land use right fee includes:

            


    

    
      
        	
                
                

              	
                2

              	
                Land
      grant fee is RMB 3,141,591;

              


      

    

    
      
        	
                
                

              	
                2

              	
                Land
      development fee is RMB 3,884,735;
      and

              


      

    

    
      
        	
                
                

              	
                2

              	
                Related
      municipal utility facilities fee is RMB 13,917,617.

              


      

    

    
      
        	
                
                

              	
                2

              	
                A
      total of RMB 20,943,943.

              


      

    

    The
retainer fee for signing of this agreement is 20% of the land grant
fee.

    
      	
              Ø

            	
              Party
      B agrees to pay off the land use right fee on the date of signing this
      agreement.

            


    

    


    Summary
of the articles omitted:

    
      	
              Ø

            	
              Overdue
      payment

            


    

    
      	
              Ø

            	
              Government
      law

            


    

    
      	
              Ø

            	
              Maturity
      and renew regulations

            


    

    
      	
              Ø

            	
              Validity

            


    

    
      	
              Ø

            	
              Dispute
      settlement

            


    

    
      	
              Ø

            	
              Miscellaneous

            


    

    
      	
              Ø

            	
              Text
      copies