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 Branch,
Bank of
China (the
“Creditor”) Dated March 4th, 2009

    

    Main
articles:

    
      	
              Ø

            	
              Contract
      number: Zhenzhongyin Exiezi 000024;

            

    

    
      	
              Ø

            	
              Maximum
      amount of credit facilities to be provided: RMB 450
    million;

            

    

    
      	
              Ø

            	
              Term:
      from March 4th,
      2009 to February 3rd,
      2010.

            

    

    
      	
              Ø

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

            

    

    
      	
              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

            	
              Guarantee

            

    

    
      	
              Ø

            	
              Declaration
      and promise of the Debtor

            

    

    
      	
              Ø

            	
              Transferring
      of the credit facility under the maximum
amount

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              Fee

            

    

    
      	
              Ø

            	
              Attachment

            

    

    
      	
              Ø

            	
              Validity

            

    

    
      	
              Ø

            	
              NotificationBank
of China Shenzhen Branch

    
      Loan
Certificate

      Date:
March 13, 2009

      
        
          	
                  Applicant

                	
                  Shenzhen
      BAK

                  Battery
      Co., Ltd

                	
                  ID
      card of the Applicant

                	 
      
	
                  Currency

                	
                  RMB

                	
                  Amount

                	
                  100,000,000.00

                
	
                  Contract
      No.

                	
                  09853563

                
	
                  Loan
      Term

                	
                  From
      March 13, 2009 to March 13, 2010

                
	
                  Annual
      rate

                	
                  5.31%

                
	
                  Business
      Transaction No.

                	
                  101LAAA09003808

                	
                  Loan
      type

                	
                  Guaranty

                
	
                  Stamp
      of Applicant

                	 
      
	 
      	 
      	 
      	 
      

        

      

      

      Lending
Bank: (Stamp)Bank
of China Shenzhen Branch

        Loan
Certificate

        Date:
March 31, 2009

        
          	
                  Applicant

                	
                  Shenzhen
      BAK

                  Battery
      Co., Ltd

                	
                  ID
      card of the

                  Applicant

                	 
      
	
                  Currency

                	
                  RMB

                	
                  Amount

                	
                  50,000,000.00

                
	
                  Contract
      No.

                	
                  09854121

                
	
                  Loan
      Term

                	
                  From
      March 31, 2009 to March 30, 2010

                
	
                  Annual
      rate

                	
                  5.31%

                
	
                  Business

                  Transaction
      No.

                	
                  101LAAA09004925

                	
                  Loan
      type

                	
                  Guaranty

                
	
                  Stamp
      of

                  Applicant

                	 
      
	 
      	 
      	 
      	 
      

        

        

        Lending
Bank: (Stamp)Summary of Guaranty Contract
of Maximum Amount ( the “Contract”) Entered into by and between BAK
International Limited and Shenzhen Branch, Bank of China (the “Creditor”) on
March 4th, 2009

    

    Main
contents:

    Ø Guaranty Contract number:
2009Zhenzhongyinsi Baoezi 0035;

    Ø Bak International Limited undertakes to assume
joint and several liabilities for Shenzhen BAK Battery Co., Ltd (the
“Obligor”)’s indebtedness towards Bank of China under the Comprehensive
Credit Facility Agreement of Maximum Amount (reference no.:
2009Zhenzhongyin Exiezi 000024) from March 4th, 2009
to February 3rd, 2010,
and the maximum amount secured is RMB 450 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 Xiangqian Li and
Shenzhen Branch, Bank of China (the “Creditor”) on March 4th, 2009

    

    Main
contents:

    
      Ø    Guaranty Contract number: 2009Zhenzhongyinsi Baoezi 0034;

    

    
      Ø    Xiangqian Li undertakes to assume joint and several
liabilities for
Shenzhen BAK Battery Co., Ltd (the “Obligor”)’s indebtedness towards Bank of China under the Comprehensive Credit Facility
Agreement of Maximum
Amount (reference no.: 2009Zhenzhongyin Exiezi 000024) from March 4th, 2009 to February 3rd, 2010, and the maximum amount secured is
RMB 450 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 Mortgage Contract
of Maximum Amount ( the “Contract”) Entered into by and between Shenzhen BAK
Battery, Co., Ltd (the “Mortgager”) and Shenzhen Branch, Bank of China (the
“Creditor”) on March 4th, 2009

    

    Main
contents:

    
      	
               
      

            	
              Ø

            	
              Contract
      number: 2009Zhenzhongyinsi Diezi
  0011;

            

    

    
      	
               
      

            	
              Ø

            	
              In
      order to guarantee the indebtedness of Shenzhen BAK Battery Co., Ltd.
      (the “Obligor”) towards the Creditor under the Comprehensive Credit
      Facility Agreement of Maximum Amount (reference no.: 2009Zhenzhongyin
      Exiezi 000024) from March 4th, 2009 to February 3rd, 2010, the
      Mortgager agrees to pledge its property to the
      Creditor.

            

    

    
      	
               
      

            	
              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

            	
              Collaterals: The
      Mortgager agrees to pledge its machineries and equipments to the
      Creditor.

            

    

    

    
      	
               
      

            	
              Ø

            	
              Headlines of the articles
      omitted:

            

    

    
      	
               
      

            	
              Ø

            	
              Termination
      and explanation

            

    

    
      	
               
      

            	
              Ø

            	
              Payment
      on demand

            

    

    
      	
               
      

            	
              Ø

            	
              Undertakings
      of the Mortgager

            

    

    
      	
               
      

            	
              Ø

            	
              Validity
      of the Creditor’s Right

            

    

    
      	
               
      

            	
              Ø

            	
              Occupancy
      of Collaterals

            

    

    
      	
               
      

            	
              Ø

            	
              Mortgage
      Registration

            

    

    
      	
               
      

            	
              Ø

            	
              Realizing
      of Creditor’s Right

            

    

    
      	
               
      

            	
              Ø

            	
              Declaration
      and guaranty of the Mortgager

            

    

    
      	
               
      

            	
              Ø

            	
              Amendment
      of the Contract

            

    

    
      	
               
      

            	
              Ø

            	
              Effectiveness
      and Disputation settlement

            

    

    
      	
               
      

            	
              Ø

            	
              Attachment

            

    

    
      	
               
      

            	
              Ø

            	
              Supplement
      articles

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