Document:

Comprehensive Credit
Facility Agreement of Maximum Amount (“Credit Facility
Agreement”)
Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Nanshan Branch, China Everbright
Bank (the
“Creditor”) Dated January 21st, 2009

    

    Main
articles:

    
      	
              Ø

            	
              Contract
      number: ZH78240901003;

            

    

    
      	
              Ø

            	
              Maximum
      amount of credit facilities to be provided: RMB 100
    million;

            

    

    
      	
              Ø

            	
              Term:
      from March 30th,
      2009 to March 30th,
      2010;

            

    

    
      	
              Ø

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

            

    

    
      	
              Ø

            	
              Interest
      rate will be determined in each loan agreement to be signed under this
      Credit Facility Agreement;

            

    

    
      	
              Ø

            	
              Breach
      of contract penalties: correct the breach of contract in time limit;
      suspension of loan unprovided; demand prepayment of loan principal
      and interest before maturity; adjustment of the maximum amount of
      credit facilities.

            

    

    

    Headlines
of the articles omitted

    
      	
              Ø

            	
              Identification
      of terms

            

    

    
      	
              Ø

            	
              Terms
      of credit

            

    

    
      	
              Ø

            	
              The
      procedure on using the comprehensive credit
  facility

            

    

    
      	
              Ø

            	
              Guaranty

            

    

    
      	
              Ø

            	
              The
      promise of the Creditor

            

    

    
      	
              Ø

            	
              The
      promise of the Debtor

            

    

    
      	
              Ø

            	
              Validity

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              The
      integrity of Credit Facility
Agreement

            

    

    
      	
              Ø

            	
              Supplement
      articles

            

    

    
      	
              Ø

            	
              NotificationComprehensive Credit
Facility Agreement of Maximum Amount (“Credit Facility
Agreement”)
Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Debtor”) and Shenzhen Branch,
China Citic Bank (the “Creditor”) Dated February 13th, 2009

    

    Main
articles:

    
      	
              Ø

            	
              Contract
      number: Shenyinsun Zongzi 001;

            

    

    
      	
              Ø

            	
              Maximum
      amount of credit facilities to be provided: RMB 150
    million;

            

    

    
      	
              Ø

            	
              Term:
      from February 13th,
      2009 to February 12th,
      2010.

            

    

    
      	
              Ø

            	
              Remedies
      in the event of breach of contract include adjustment of the credit
      amount, suspension of credit, imposition of punitive interest and overdue
      interest, an increase of guarantee deposit and the call back of loan
      principal and interest before
maturity.

            

    

    

    Headlines
of the articles omitted

    
      	
              Ø

            	
              Procedure
      on using the comprehensive credit
facility

            

    

    
      	
              Ø

            	
              Declaration
      and promise of the Debtor

            

    

    
      	
              Ø

            	
              Right
      and Obligation of the Debtor

            

    

    
      	
              Ø

            	
              Right
      and Obligation of the Creditor

            

    

    
      	
              Ø

            	
              Guaranty

            

    

    
      	
              Ø

            	
              Effectiveness,
      Modification and termination of
Contract

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              ValiditySummary of Loan Agreement
Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and
Shenzhen Branch, China CITIC Bank Co., Ltd (“the Creditor”) dated February
25th, 2009

    

    Main
contents

    
      	
              Ø

            	
              Contract
      number:  (2009) Shenyinsun daizi
002;

            

    

    
      	
              Ø

            	
              Loan
      principal:
RMB 50 million;

            

    

    
      	
              Ø

            	
              Loan
      term: from February 25th,
      2009 to February 25th,
      2010;

            

    

    
      	
              Ø

            	
              Interest
      rate: fixed at 5.31%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for delayed repayment: 5.31% plus 50%
  *5.31%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for embezzlement of loan proceeds: 5.31%
  *1;

            

    

    
      	
               
      

            	
              n

            	
              Interest
      accrued and settled per month, interest settlement day is 20th of each
      month;

            

    

    
      	
              Ø

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

            

    

    
      	
              Ø

            	
              In
      the event of occurrence of the any of the following during the term of
      loan, The Creditor is entitled to demand repayment of loan principal
      before maturity and withdraw directly from any accounts of the Company for
      the repayment:

            

    

    
      	
               
      

            	
              n

            	
              Delay
      in repayment of interest for the
loan;

            

    

    
      	
               
      

            	
              n

            	
              The
      Company suffers operation loss or sharp decline in
    operation;

            

    

    
      	
               
      

            	
              n

            	
              Being
      involved in or threatened to be involved in lawsuit, arbitration or other
      legal disputes;

            

    

    
      	
               
      

            	
              n

            	
              Providing
      untrue financial statements or
information;

            

    

    
      	
               
      

            	
              n

            	
              Embezzling
      loan (i.e. using loan proceeds for purposes other than what is agreed
      in the contract without the consent of the
  Creditor);

            

    

    
      	
               
      

            	
              n

            	
              Refusing
      the examination or supervision of the Creditor on the Company’s
      operational and financial conditions, and refuse to provide relevant
      financial statements and
information;

            

    

    
      	
               
      

            	
              n

            	
              Great
      changes in management;

            

    

    
      	
               
      

            	
              n

            	
              Occurrence
      of other instances which endanger the safety of the loan provided by the
      Creditor;

            

    

    
      	
              Ø

            	
              Breach
      of contract penalties: correct the breach of contract in time limit;
      suspension of loan unprovided; terminate the 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 and interest;
      indemnification for the Creditor’s expenses incurred due to demanding the
      loan principal and interest in case of litigation,
  etc.

            

    

    
      	
              Ø

            	
              The
      Company guaranteed not to use the loan borrowed from the bank to invest in
      purchasing securities or real estates. Otherwise, the Company shall
      be liable for any loss incurred to the
Creditor.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Headlines
of the articles omitted:

    

    
      
        	
                Ø

              	
                Loan
      arrangement

              

      

      
        	
                Ø

              	
                Interest
      clearing of the loan

              

      

      
        	
                Ø

              	
                Payment
      of the loan

              

      

      
        	
                Ø

              	
                Interest
      penalty of loan

              

      

      
        	
                Ø

              	
                Guarantee
      of the loan agreement

              

      

      
        	
                Ø

              	
                Renew
      of obligation

              

      

      
        	
                Ø

              	
                Announcement
      and guarantee of the Company

              

      

      
        	
                Ø

              	
                Rights
      and obligation of the Company

              

      

      
        	
                Ø

              	
                Rights
      and obligations of the Creditor

              

      

      
        	
                Ø

              	
                Disputation
      settlement

              

      

      
        	
                Ø

              	
                Validity

              

      

      
        	
                Ø

              	
                Notarization

              

      

      
        	
                Ø

              	
                Text

              

      

      
        	
                Ø

              	
                Supplemental

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