Document:

Summary
      of Loan Agreement by and between BAK International
      (Tianjin) Limited and Tianjin Branch, Agricultural Bank of China dated May
      26,
      2008

    

    Main
      contents 

    
      	
              Ø

            	
              Contract
                number: Nong Yin Gu Ji Jie Zi
                12101200800001538;

            

    

    
      	
              Ø

            	
              Loan
                principal: RMB160 million;

            

    

    
      	
              Ø

            	
              Loan
                term: May 26, 2008~May 26, 2012;

            

    

    
      	
              Ø

            	
              Interest
                rate: Float rate according to the basic rate announced by the People’s
                Bank of China, adjusted every three months, the interest should be
                paid by
                quarter;

            

    

    
      	 	
              n

            	
              Penalty
                interest rate for delayed repayment: 1.5*the above
                rate;

            

    

    
      	 	
              n

            	
              Penalty
                interest rate for embezzlement of loan proceeds: 2* the above
                rate;

            

    

    
      	
              Ø

            	
              Purpose
                of the loan is to provide fund for the Company to construct its first
                phase of Li-ion Power Tool Cell Automated Line
                Project;

            

    

    
      	
              Ø

            	
              Advanced
                repayment and advanced withdrawal of loan needs to be approved by
                Agriculture Bank of China;

            

    

    
      	
              Ø

            	
              Loan
                withdrawal and repayment: The Company shall repay the principals
                as
                follows:

            

    

    
      	 	
              n

            	
              Repay
                RMB 30 million between May 26, 2009 and December 26,
                2009;

            

    

    
      	 	
              n

            	
              Repay
                RMB 30 million between May 26, 2010 and December 26,
                2010;

            

    

    
      	 	
              n

            	
              Repay
                RMB 50 million between May 26, 2011 and December 26,
                2011;

            

    

    
      	 	
              n

            	
              Repay
                RMB 30 million on May 26, 2012

            

    

    Headlines
      of the articles omitted: 

    
      
        	
                Ø  Definition
                  and explanation

              
	
                Ø  The
                  borrower’s statement and guaranty

              
	
                Ø  Condition
                  required to withdraw the loan

              
	
                Ø  Supervision
                  of the account

              
	
                Ø  Check
                  on the use of the loan and supervision of the project

              
	
                Ø  Guaranty

              
	
                Ø  Rights
                  and obligation of the borrower

              
	
                Ø  Rights
                  and obligations of the lender

              
	
                Ø  Insurance

              
	
                Ø  Confidentiality

              
	
                Ø  Breach
                  of contract penalty

              
	
                Ø  Miscellaneous

              
	
                Ø  Dispute
                  settlement

              
	
                Ø  Validity
                  of the contract

              
	
                Ø  NoteSummary
      of Loan Agreement entered into by and between Shenzhen BAK Battery Co., Ltd.
      and
      Shenzhen East Branch, Agricultural Bank of China dated May 20,
      2008

    Summary
      of the main articles

    
      	
              Ø

            	
              Contract
                number: NO.81101200800000816.

            

    

    
      	
              Ø

            	
              Loan
                Principal: RMB 175 million;

            

    

    
      	
              Ø

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

            

    

    
      	
              Ø

            	
              Interest
                rate: fixed rate of 6.57%;

            

    

    n Penalty
      interest rate for delayed repayment: 6.57% plus 50% *6.57%;

    n Penalty
      interest rate for embezzlement of loan proceeds: 6.57% * 2;

    
      	
              Ø

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

            

    

    
      	
              Ø

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

            

    

    
      	
              Ø

            	
              Breach
                of contract penalties: suspension of loan unprovided, 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 

    
      	
              Ø  Condition
                precedent to drawing of the loan

            
	
              Ø  Rights
                and obligations of the lender

            
	
              Ø  Rights
                and obligations of the borrower

            
	
              Ø  Punishment
                of default

            
	
              Ø  Guarantee
                of the loan

            
	
              Ø  Dispute
                settlement

            
	
              Ø  Miscellaneous

            
	
              Ø  Effectiveness

            
	
              Ø  NotesSummary
      of Guaranty Contract of Maximum Amount Entered Between BAK International
      (Tianjin) Ltd. (“BAK Tianjin”) and Shenzhen Eastern Branch, Agricultural Bank of
      China on May 20, 2008

    

    Main
      Contents

    
      	
              Ø

            	
              Contract
                number: No.81905200800000096;

            

    

    
      	
              Ø

            	
              As
                guarantor, BAK Tianjin undertakes to assume joint and several liabilities
                for the Company’s indebtedness towards Agricultural Bank of China under
                Comprehensive Credit Facility Agreement (“Main Contract”) from May 20,
                2008 to November 20, 2008 and maximum amount secured is RMB 800 million
                principal and other secured items;

            

    

    
      	
              Ø

            	
              Secured
                items include the loan principal, interest, penalty interest, breach
                of
                contract compensation and all the expenses incurred for Agricultural
                Bank
                to realize its creditor’s right under Loan
                Agreement;

            

    

    
      	
              Ø

            	
              Guaranty
                period:

            

    

    
      	 	
              n

            	
              Two
                years from the expiry date that the Company should fulfill its obligations
                in accordance with the main
                contract;

            

    

    
      	 	
              n

            	
              For
                commercial draft acceptance, L/C Issuance Finance and Letter of Guarantee,
                the term is two years from the date on which the creditor pay the
                money;

            

    

    
      	 	
              n

            	
              For
                discounted commercial drafts, the term is two years from the expiry
                date
                of the discounted commercial
                drafts;

            

    

    
      	 	
              n

            	
              If
                term of Main contract is extended, guaranty period shall be two years
                from
                the expiry date for the Company to fulfill its obligations according
                to
                the extended agreement;

            

    

    
      	 	
              n

            	
              If
                due to the provisions of relevant PRC law or regulations or any agreement
                reached under the Main Contract, any loan becomes mature ahead of
                its
                term, guaranty period shall be two years starting from the advance
                mature
                date.

            

    

    

    
      	
              Headlines
                of the articles omitted

            
	
              Ø  Commitment
                of the guarantor

            
	
              Ø  Confirmation
                of the creditor's rights

            
	
              Ø  Undertaking
                of the guarantee responsibility

            
	
              Ø  Default
                Obligation

            
	
              Ø  Dispute
                settlement

            
	
              Ø  Miscellaneous
                

            
	
              Ø  Effectiveness

            
	
              Ø  Attention

            
	
              Ø  NotesSummary
      of Comprehensive Credit Facility Agreement of Maximum Amount Entered into by
      Shenzhen BAK Battery Co., Ltd (the “Company”) and Shenzhen Branch, China CITIC
      Bank Co., Ltd (the “Creditor”) on May 9th, 2008

    

    Main
      contents: 

    
      	
              Ø

            	
              Contract
                number: (2008)ShenYinSun
                ZongZi 003;

            

    

    Maximum
      amount of credit facilities to be provided: RMB150 million;

    
      	
              Ø

            	
              Term:
                from May 9th,
                2008 to Nov.9th,
                2008;

            

    

    
      	
              Ø

            	
              Adjustment
                of credit can be made by China Citic Bank under any of the
                followings:

            

    

    
      	 	
              n

            	
              The
                Company suffers severe operational risk or
                difficulties;

            

    

    
      	
            	n	
              Occurrence
                of great changes in the Company’s operational system (including dividing,
                merging, closing etc.) 

            

    

    
      	 	
              n

            	
              The
                Company’s payment ability is obviously weakened, the risk of repayment
                increased; or occurrence of delay in repaying the
                loan;

            

    

    
      	 	
              n

            	
              Occurrence
                of great changes in market;

            

    

    
      	 	
              n

            	
              Occurrence
                of other situations that the Creditor thinks adjustment of credit
                facility
                is necessary.

            

    

    
      	
              Ø

            	
              Breach
                of contract: providing false information for hiding the actual condition
                of the Company; the Company’s credit rate deteriorates, and its ability of
                repayment is obviously weakened; breach of the obligations agreed
                in the
                sub-contract under this contract; breach of other obligations agreed
                in
                the contract;

            

    

    
      	
              Ø

            	
              Breach
                of contract penalty: suspension or reduction of credit facilities,
                till
                cancellation of all approved credit facilities; declaration of all
                or part
                of the credit facilities becoming mature in advance to its original
                expiry
                date; require the Company to compensate for all the
                loss;

            

    

    Headlines
      of the articles omitted
      

    
      	
              Ø  Definition
                and explanation 

            
	
              Ø  The
                guaranty of the loan under this Agreement

            
	
              Ø  Other
                rights and obligation

            
	
              Ø  Expenses

            
	
              Ø  Validity

            
	
              Ø  Notification

            
	
              Ø  Effectiveness

            
	
              Ø  Text

            
	
              Ø  Supplemental

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]