Document:

Summary of Guaranty Contract
of Maximum Amount (the “Contract”) Entered into by and between BAK International
Limited and Longgang Branch, Shenzhen Development Bank (the “Creditor”) on
December 3rd, 2008

      

      Main
contents:

      Ø         
Guaranty Contract number: Shenfa Longgang Ebaozi 20081203001-1;

      Ø  Bak International Limited undertakes to
assume joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the
“Obligor”)’s indebtedness towards Shenzhen Development Bank under the
Comprehensive Credit Facility Agreement of Maximum Amount (reference no.:
Shenfa Longgang Zongzi 20081203001) from December 8th, 2008
to December 8th, 2009,
and the maximum amount secured is RMB150 million.

      Ø  Guaranty Responsibility: The guaranty
under this Contract shall be guaranty with joint and several liabilities. The
guarantor is obligated to pay off the debt in the event the obligor is unable to
pay off the debt (including the creditor declares the debt becomes mature in
advance to its original expiry date due to default of the obligor or
the guarantor).

      Ø  Scope of Guaranty: The guaranty shall cover
all of the loan principal, interest, penalty interest, breach of contract
compensation, damages, undertaking fee and all the expenses such as litigation
cost, lawyer’s fee, notification cost and public notice cost etc. which is
incurred to the Creditor in realizing its creditor’s right.

      Ø  Guaranty period: The
guaranty period is from the effective date of this Contract to two years after
the expiry of the term of the Credit Facility Agreement and relevant agreement
entered into under the Credit Facility Agreement.

      

      Headlines
of the articles omitted:

      Ø  Termination and explanation

      Ø  Payment on demand

      Ø  Declaration and guaranty

      Ø  Independent guaranty

      Ø  Fulfillment of the responsibility and giving
up of the right

      Ø  Amendment of Contract

      Ø  Effectiveness and Disputation
settlement

      Ø  Contract period

      Ø  Supplement articlesSummary of Guaranty Contract
of Maximum Amount (the “Contract”) Entered into by and between Mr. Li Xiangqian
and Longgang Branch, Shenzhen Development Bank (the “Creditor”) on December
3rd, 2008

      

      Main
contents:

      Ø 
Guaranty Contract number: Shenfa Longgang Ebaozi
20081203001-3;

      Ø  As guarantor, Mr. Li Xiangqian undertakes to
assume joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the
“Obligor”)’s indebtedness towards Shenzhen Development Bank under the
Comprehensive Credit Facility Agreement of Maximum Amount (reference
no.: Shenfa Longgang Zongzi 20081203001) from December 8th, 2008
to December 8th, 2009,
and the maximum amount secured is RMB150 million.

      Ø  Guaranty Responsibility: The guaranty
under this Contract shall be guaranty with joint and several liabilities. The
guarantor is obligated to pay off the debt in the event the Obligor is unable to
pay off the debt (including the creditor declares the debt becomes mature in
advance to its original expiry date due to default of the Obligor or the
guarantor).

      Ø  Scope of Guaranty: The guaranty
shall cover all of the loan principal, interest, penalty interest, breach
of contract compensation, damages, undertaking fee and all the expenses
such as litigation cost, lawyer’s fee, notification cost and public notice
cost etc. which is incurred to the Creditor in realizing its creditor’s
right.

      Ø  Guaranty period: The
guaranty period is from the effective date of this Contract to two years after
the expiry of the term of the Credit Facility Agreement and relevant agreement
entered into under the Credit Facility Agreement.

      

      Headlines
of the articles omitted:

      Ø  Termination and explanation

      Ø  Payment on demand

      Ø  Declaration and guaranty

      Ø  Independent guaranty

      Ø  Fulfillment of the responsibility and giving
up of the right

      Ø  Amendment of the Contract

      Ø  Effectiveness and Disputation
settlement

      Ø  Contract period

      Ø  Supplement articlesSummary of Guaranty Contract
of Maximum Amount (the “Contract”) Entered into by and between BAK International
(Tianjin) Limited and Longgang Branch, Shenzhen Development Bank (the
“Creditor”) on December 3rd, 2008

    
      
        

        
          
            Main
contents:

            Ø           Guaranty
Contract number: Shenfa Longgang Ebaozi 20081203001-2;

            Ø           BAK
International (Tianjin) Limited undertakes to assume joint and several
liabilities for Shenzhen Bak Battery Co., Ltd (the “Obligor”)’s indebtedness
towards Shenzhen Development Bank under the Comprehensive Credit Facility
Agreement of Maximum Amount (reference no.: Shenfa Longgang ZongZi
20081203001) from December 8th, 2008
to December 8th, 2009,
and the maximum amount secured is RMB150 million.

            Ø           Guaranty Responsibility: The
guaranty under this Contract shall be guaranty with joint and several
liabilities. The guarantor is obligated to pay off the debt in the event the
obligor is unable to pay off the debt (including the creditor declares the debt
becomes mature in advance to its original expiry date due to default of the
obligor or the guarantor).

            Ø           Scope of Guaranty: The
guaranty shall cover all of the loan principal, interest, penalty interest,
breach of contract compensation, damages, undertaking fee and all the
expenses such as litigation cost, lawyer’s fee, notification cost
and public notice cost etc. which is incurred to the Creditor in realizing
its creditor’s right.

            Ø           Guaranty period: The
guaranty period is from the effective date of this Contract to two years after
the expiry of the term of the Credit Facility Agreement and relevant agreement
entered into under the Credit Facility Agreement.

            

            Headlines
of the articles omitted:

            Ø           Termination
and explanation

            Ø           Payment
on demand

            Ø           Declaration
and guaranty

            Ø           Independent
guaranty

            Ø           Fulfillment
of the responsibility and giving up of the right

            Ø           Amendment
of the Contract

            Ø           Effectiveness
and Disputation settlement

            Ø           Contract
period

            Ø           Supplement
articlesSummary of Loan Agreement
Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and
Shenzhen Eastern Branch,
Agricultural Bank of China (“the Creditor”) dated December 2
nd,
2008.

      

      Main
contents

      
        	
                Ø

              	
                Contract
      number: 81101200800001822;

              

      

      
        	
                Ø

              	
                Loan
      principal:
RMB 150 million;

              

      

      
        	
                Ø

              	
                Loan
      term: from December 2nd,
      2008 to December 1st,
      2009;

              

      

      
        	
                Ø

              	
                Floating
      interest rate: annually 5.58%, rate adjustment in a 3-month
      cycle;

              

      

      
        	
                 
      

              	
                n

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

              

      

      
        	
                 
      

              	
                n

              	
                Penalty
      interest rate for delayed repayment: 5.58% plus 50%
  *5.58%;

              

      

      
        	
                 
      

              	
                n

              	
                Penalty
      interest rate for embezzlement of loan proceeds: 5.58%
  *1;

              

      

      

      
        	
                Ø

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

              

      

      
        	
                Ø

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

              

      

      
        	
                Ø

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

              

      

      
        	
                Ø

              	
                Supplemental: This
      Loan Agreement is in compliance with the Comprehensive Credit
      Facility Agreement of Maximum Amount
    (No.81001200813170001).

              

      

      

      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

              	
                Rights
      and obligation of the Company

              

      

      
        	
                Ø

              	
                Rights
      and obligations of the Creditor

              

      

      
        	
                Ø

              	
                Disputation
      settlement

              

      

      
        	
                Ø

              	
                Validity

              

      

      
        	
                Ø

              	
                Text

              

      

      
        	
                Ø

              	
                Notification

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]