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 May
26, 2009

    

    Main
contents

    
      	
              Ø

            	
              Contract
      number: 81101200900001026;

            

    

    
      	
              Ø

            	
              Loan
      principal:
HKD 2.499609 million;

            

    

    
      	
              Ø

            	
              Loan
      term: from May 26, 2009 to May 26,
2010;

            

    

    
      	
              Ø

            	
              Interest
      rate: fixed at 0.29643%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for delayed repayment: 0.29643% plus 30%
      *0.29643%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for embezzlement of loan proceeds: 0.29643% plus 50%
      *0.29643%;

            

    

    

    
      	
              Ø

            	
              Purpose
      of the loan is to provide import payments 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, etc.

            

    

    

    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

            	
              Rights
      and obligation of the Company

            

    

    
      	
              Ø

            	
              Rights
      and obligations of the Creditor

            

    

    
      	
              Ø

            	
              Guarantee
      of the loan agreement

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              Supplemental

            

    

    
      	
              Ø

            	
              Validity

            

    

    
      	
              Ø

            	
              Text

            

    

    
      	
              Ø

            	
              NotificationSummary of Chattel Mortgage
Contract (“the Contract”) Entered into by and between Shenzhen BAK Battery, Co.,
Ltd (“the Mortgager”) and Shenzhen Eastern Branch, Agricultural Bank of China
(“the Creditor”) dated May 26, 2009

    

    Main
contents:

    
      	
               
      

            	
              Ø

            	
              Contract
      number: 81903200900000096

            

    

    
      	
               
      

            	
              Ø

            	
              In
      order to guarantee the indebtedness of Shenzhen BAK Battery Co., Ltd.
      (the “Obligor”) towards the Creditor under the Loan
      Agreement (reference no.: 81101200900001026) from May 26, 2009
      to May 26, 2010, the Mortgager agrees to pledge
      its full margin of RMB2.163360 million to the
      Creditor.

            

    

    
      	
               
      

            	
              Ø

            	
              The
      amount of guaranteed debt principal is HKD2.499609
  million.

            

    

    
      	
               
      

            	
              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

            	
              Collateral: The
      Mortgager agrees to pledge its full margin of RMB2.163360 million to the
      Creditor.

            

    

    
      	
               
      

            	
              Ø

            	
              Breach of Contract Penalties: additional 50% of
      the maximum amount secured in this Contract and full compensation for the
      Creditor’s loss due to the Mortgager’s breach of
  contract.

            

    

    

    Headlines
of the articles omitted:

    
      	
               
      

            	
              Ø

            	
              Undertakings
      of the Mortgager

            

    

    
      	
               
      

            	
              Ø

            	
              Validity
      of the Creditor’s Right

            

    

    
      	
               
      

            	
              Ø

            	
              Transferring
      and Occupancy of Collateral

            

    

    
      	
               
      

            	
              Ø

            	
              Collateral
      Security

            

    

    
      	
               
      

            	
              Ø

            	
              Realizing
      of Creditor’s Right

            

    

    
      	
               
      

            	
              Ø

            	
              Return
      of Collateral

            

    

    
      	
               
      

            	
              Ø

            	
              Fee

            

    

    
      	
               
      

            	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
               
      

            	
              Ø

            	
              Supplement
      articles

            

    

    
      	
               
      

            	
              Ø

            	
              Attachment

            

    

    
      	
               
      

            	
              Ø

            	
              Validity

            

    

    
      	
               
      

            	
              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 June
15, 2009.

    

    Main
contents

    
      	
              Ø

            	
              Contract
      number: 81101200900001255;

            

    

    
      	
              Ø

            	
              Loan
      principal:
RMB 50 million;

            

    

    
      	
              Ø

            	
              Loan
      term: from June 15, 2009 to December 15,
  2009;

            

    

    
      	
              Ø

            	
              Floating
      interest rate: annually 4.86%, 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: 4.86% plus 50%
  *4.86%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for embezzlement of loan proceeds: 4.86% plus 50%
      *4.86%;

            

    

    

    
      	
              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, etc.

            

    

    

    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

            	
              Rights
      and obligation of the Company

            

    

    
      	
              Ø

            	
              Rights
      and obligations of the Creditor

            

    

    
      	
              Ø

            	
              Guarantee
      of the loan agreement

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              Supplemental

            

    

    
      	
              Ø

            	
              Validity

            

    

    
      	
              Ø

            	
              Text

            

    

    
      	
              Ø

            	
              Notification

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