Document:

Summary 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 15,
2008.

      

      Main
contents

      
        	
                Ø

              	
                Contract
      number: 81101200800001892;

              

      

      
        	
                Ø

              	
                Loan
      principal:
RMB 75 million;

              

      

      
        	
                Ø

              	
                Loan
      term: from December 15th,
      2008 to December 15th,
      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

              	
                NotificationSummary 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 18th, 2008.

      

      Main
contents

      
        	
                Ø

              	
                Contract
      number: 81101200800001933;

              

      

      
        	
                Ø

              	
                Loan
      principal:
RMB 100 million;

              

      

      
        	
                Ø

              	
                Loan
      term: from December 18th,
      2008 to June 15th,
      2009;

              

      

      
        	
                Ø

              	
                Floating
      interest rate: annually 5.04%, 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: 5.04% plus 50%
  *5.04%;

              

      

      
        	
                 
      

              	
                n

              	
                Penalty
      interest rate for embezzlement of loan proceeds: 5.04%
  *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

              	
                NotificationSummary 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 October
15th, 2008

      

      Main
contents

      
        	
                Ø

              	
                Contract
      number:  (2008) Shenyinsun daizi
  NO.015;

              

      

      
        	
                Ø

              	
                Loan
      principal:
RMB 40 million;

              

      

      
        	
                Ø

              	
                Loan
      term: from October 15th,
      2008 to January 15th,
      2009;

              

      

      
        	
                Ø

              	
                Interest
      rate: fixed at 6.12%;

              

      

      
        	
                 
      

              	
                n

              	
                Penalty
      interest rate for delayed repayment: 6.12% plus 50%
  *6.12%;

              

      

      
        
          	
                  
                  

                	
                  n

                	
                  Penalty
      interest rate for embezzlement of loan proceeds: 6.12%
  *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 and purchasing raw materials and
      equipments 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

              	
                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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