Document:

Exhibit
      10.2

     

    Summary
      of Guaranty Contract of Maximum Amount entered into between BAK International
      Limited and China CITIC Bank on March 14, 2007

    

    Summary
      of main contents: 

     

    
      	
              ·

            	
              Contract
                number: No. 2007 Shenyin sun’zuibaozi
                003

            

    

    
      	 	 

    

    
      	
              ·

            	
              As
                guarantor, BAK International Limited undertakes to assume joint and
                several liabilities for the Company’s indebtedness towards China CITIC
                Bank under Comprehensive Agreement from March 14th, 2007 to March
                14th,
                2008 and maximum amount secured is RMB
                200million.

            

    

    
      	 	 

    

    
      	
              ·

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

            

    

    
      	 	 

    

    
      	
              ·

            	
              Guaranty
                period:

            

    

     

    
      	(i)  	
              Two
                years from the expiry date that the Company should fulfill its obligations
                in accordance with Comprehensive
                Agreement;

            

    

    
      	 	 

    

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

            

    

    

    Headlines
      of articles omitted:

     

    
      	
              ·

            	
              Definition

            

    

    
      	 	 

    

    
      	
              ·

            	
              Method
                of guaranty 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Representations
                and undertakings of the Company 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Rights
                and obligations of the Company 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Rights
                and obligations of the Creditor 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Breach
                of Contract 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Accumulation
                of rights and obligations 

            

    

    
      	 	 

    

    
      	
              ·

            	
              Continuity
                of obligations

            

    

    
      	 	 

    

    
      	
              ·

            	
              MiscellaneousExhibit
      10.3

     

    Summary
      of Guaranty Contract of Maximum Amount entered into between Xiangqian Li and
      Shenzhen Branch, China CITIC Bank on March 14, 2007

    

    Summary
      of main contents: 

     

    
      	
              ·

            	
              Contract
                number: No. 2007 Shenyin sun’ebaozi
                004

            

    

    
      	 	 

    

    
      	
              ·

            	
              As
                guarantor, Xiangqian Li undertakes to assume joint and several liabilities
                for the Company’s indebtedness towards China CITIC Bank under
                Comprehensive Agreement from March 14th, 2007 to March 14th, 2008
                and
                maximum amount secured is RMB
                200million.

            

    

    
      	 	 

    

    
      	
              ·

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

            

    

    
      	 	 

    

    
      	
              ·

            	
              Guaranty
                period:

            

    

     

    
      	(i)  	
              Two
                years from the expiry date that the Company should fulfill its obligations
                in accordance with Comprehensive Agreement;

            

    

    
      	 	 

    

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

            

    

    

    Headlines
      of articles omitted:

     

    
      	
              ·

            	
              Definition

            

    

    
      	 	 

    

    
      	
              ·

            	
              Method
                of guaranty

            

    

    
      	 	 

    

    
      	
              ·

            	
              Representations
                and undertakings of the Company

            

    

    
      	 	 

    

    
      	
              ·

            	
              Rights
                and obligations of the Company

            

    

    
      	 	 

    

    
      	
              ·

            	
              Rights
                and obligations of the Creditor

            

    

    
      	 	 

    

    
      	
              ·

            	
              Breach
                of Contract

            

    

    
      	 	 

    

    
      	
              ·

            	
              Accumulation
                of rights and obligations

            

    

    
      	 	 

    

    
      	
              ·

            	
              Continuity
                of obligations

            

    

    
      	 	 

    

    
      	
              ·

            	
              MiscellaneousExhibit
      10.4

    
       

      Summary
        of Comprehensive Credit Facility Agreement entered into between Shenzhen
        BAK
        Battery Co., Ltd and Shenzhen Branch, China Construction Bank on February
        14,
        2007. 

      

      Summary
        of main contents:

       

      	
              ·

            	
              Contract
                number: No. Jie 2006 Zong 1279042

            

      	 	 

      	
              ·

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

            

      	 	 

      	
              ·

            	
              Loan
                term: tweleve months after the signature of the
                agreement;

            

      	 	 

      	
              ·

            	
              Interest
                rate of loan equals to the benchmark rate issued by the People’s Bank of
                China at the time each loan agreement/contract is signed; the interest
                shall be calculated on a daily basis, and is payable on the expiry
                date of
                the principal;

            

      	 	 

      	
              ·

            	
              Adjustment
                of credit can be made by the Creditor under the any of the
                following:

            

      	 	 

      	
              ·

            	
              Breach
                of contract penalty: cancellation or reduction of unused credit and
                loan
                term; demand prepayment of principal and interest before maturity;
                publicize the breach of the Company; deduct the loan payment from
                the
                Company’s other accounts at the Creditor and its affiliates; demand
                additional guaranty, or take other measures that is necessary to
                secure
                the Creditor’s rights; enforcement of guaranty right; termination of the
                contract; compensation for the Creditor’s expenses incurred due to the
                Company’s breach of the contract; other
                measures.

            

      	 	 

      	
              ·

            	
              Special
                terms: During the term of this agreement, the Creditor is eligible
                to
                terminate the contract if the Company’s liabilities exceed 65% of its
                assets or its current ratio is less than 1; in the event the company
                uses
                the trust receipt facility to transact the foreign business, the
                applicable interest rate should be LIBOR +60BPS of the same
                period.

            

      

      Headlines
        of articles omitted: 

       

      	
              ·

            	
              Definition

            

      	 	 

      	
              ·

            	
              Use
                of Credit

            

      	 	 

      	
              ·

            	
              Guaranty

            

      	 	 

      	
              ·

            	
              Repayment

            

      	 	 

      	
              ·

            	
              Rights
                and Obligations of the contractor

            

      	 	 

      	
              ·

            	
              Engaging
                bank

            

      	 	 

      	
              ·

            	
              Reserve
                of the Creditor’s Right

            

      	 	 

      	
              ·

            	
              Notice

            

      	 	 

      	
              ·

            	
              Applicable
                law and disputes settlement

            

      	 	 

      	
              ·

            	
              Effectiveness

            

      	 	 

      	
              ·

            	
              Miscellaneous
                

            

      	 	 

      	
              ·

            	
              Statement

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