Document:

Exhibit 10.1

Summary

Comprehensive Credit Facility Agreement Of Maximum Amount (Comprehensive Agreement ) Entered Between Shenzhen BAK Battery Co., Ltd (“the Company”) and Shatoujiao Branch, Agricultural Bank of China (“Agricultural Bank”) on March 23, 2006.

Main contents: 

	
  
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Contract   number: No.81001200613170001;
  
	
  
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Maximum   amount for credit facilities to be provided: RMB400 million;
  
	
  
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Term: from   March 23rd, 2006 to March 17, 2007;
  
	
  
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Interest   rate of loan shall be subject to each loan agreement/contract to be signed;
  
	
  
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Adjustment   of credit can be made by Agricultural Bank under the any of the following:
  

	
  
 
  	
  
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The   situation of the market related to the Company’s business severely   deteriorates, or there is a major adjustment of the state monetary policy
  
	
  
 
  	
  
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The Company   suffers severe operational risk or its financial situation severely   deteriorates;
  
	
  
 
  	
  
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The Company   is involved in any material litigation or arbitration, or breach of contract   signed with other creditors.
  
	
  
 
  	
  
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The Company   loses its business reputation,
  
	
  
 
  	
  
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Guarantor’s   payment ability is obviously weakened or value of pledged collaterals   decreases obviously;
  
	
   
  	
  
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The Company explicitly   represents that it will not implement its obligations under this agreement or   the loan agreement granted under this agreement, or does not implement its   obligations under afore stated agreements.
  
	
  
 
  	
  
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Occurrence   of other instances which make Agricultural Bank think adjustment of credit   facility is necessary.
  

	
  
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Breach of   contract penalty: adjustment of credit, cancellation of unused credit,   imposition of punitive interest, demand prepayment of loan and other   measures;
  
	
  
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Special   term:
  

	
   
  	
  
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After   obtaining the title certificate for BAK industrial Park, the Company undertakes   that it will pledge the BAK industrial Park to Agricultural Bank in time.
  
	
  
 
  	
  
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The Company   will deposit at least 70% of its sales payment collection to Agricultural   Bank, and without prior consent of Agricultural Bank, the Company shall not   change its account at Agricultural Bank.
  

	
  
Headlines   of the articles omitted 
  
	
  
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Definition
  
	
  
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Credit types   used for the line of credit
  
	
  
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Use of the   line of credit
  
	
  
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Adjustment   of the line of credit
  
	
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Rights and   obligations of the Company
  
	
  
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Rights and   obligations of Agricultural Bank
  
	
  
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Breach of   contract penalty
  
	
  
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Guarantee
  
	
  
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Dispute   settlement
  
	
  
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Miscellaneous
  
	
  
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Effectiveness
  
	
  
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Validity
  
	
  
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AttentionExhibit 10.2

Summary

Guaranty Contract of Maximum Amount Entered Between Li Xiangqian and Agricultural Bank on March 23, 2006

	
  
Main contents
  
	
  
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Contract   number: No. 81905200600000026
  
	
  
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As   guarantor, Li Xiangqian undertakes to assume joint and several liabilities   for the Company’s indebtedness towards Agricultural Bank under Comprehensive   Agreement
from   March 23rd, 2006 to March 17th, 2008 and maximum amount   secured is RMB 400 million.
  
	
  
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Secured   items include the loan principal, interest, penalty interest, breach of   contract compensation and all the expenses incurred for Agricultural Bank to   realize its creditor’s right under Comprehensive Agreement 
;
  
	
  
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Guaranty   period:
  

	
   
  	
  
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Two years   from the expiry date that the Company should fulfill its obligations in   accordance with Comprehensive Agreement 
;
  
	
  
 
  	
  
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For   acceptance of bank draft, issuance of L/C without or with reduced deposit and   bank guarantee, the term is two years from the date that the Creditor bears   the obligations of the Obligor.
  
	
  
 
  	
  
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For   discounted commercial drafts, the term is two years from the expiry date of   the discounted commercial drafts;
  
	
  
 
  	
  
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If term of   Comprehensive Agreement 
   is extended, guaranty period shall be two years from the expiry date for the   Company to fulfill its obligations according to the extended agreement;
  
	
  
 
  	
  
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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 the articles omitted: 
  
	
  
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Indebtedness   to be secured and maximum amount
  
	
  
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Scope of   guaranty
  
	
  
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Method of   guaranty
  
	
  
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Guaranty   period
  
	
  
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Commitment   of the Guarantor
  
	
  
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Breach of   Contract
  
	
  
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Dispute   settlement
  
	
  
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Miscellaneous
  
	
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Effectiveness
  
	
  
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Validity
  
	
  
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AttentionExhibit 10.3

Loan Agreement (1)

Summary of Loan Agreement by and between the Company and Agricultural Bank dated March 23, 2006

	
  
Main contents: 
  
	
  
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Contract No: No. (81101200600000470)
  
	
  
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Loan Amount (RMB) 28 million
  
	
  
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Contract Term: March 20th, 2006 ~   September 20th, 2006
  
	
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Interest rate: fixed annual rate of 5.22%;
  
	
  
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Payment of Interest: The interest of the   principal shall be paid monthly, and the interest settlement date is on the twentieth   date of each month.
  
	
  
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Purpose of the loan is to purchase raw   materials for the Company.
  
	
  
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Liabilities of Breach of Contract Breach of   contract penalty; withdrawal of loan, prepayment of principal and interest   before maturity, attachment of assets; imposition of compound interest;   lawyer’s fee and travel cost in case of litigation due to the Company ‘s   breach of contract etc.
  

	
  
Headlines of the articles omitted
  
	
  
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Outline of   the loan
  
	
  
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Condition precedent   to the drawing of the loan
  
	
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Rights and   obligations of the lender
  
	
  
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Rights and   obligations of the borrower
  
	
  
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Prepayment   of the loan
  
	
  
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Breach of   Contract
  
	
  
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Guaranty for   the loan
  
	
  
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Dispute settlement
  
	
  
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Miscellaneous
  
	
  
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Effectiveness
  
	
  
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Validity
  
	
  
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AttentionExhibit 10.4

Loan Agreement (2)

Summary of Loan Agreement by and between the Company and Agricultural Bank dated March 24, 2006

Main contents: 

	
  
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Contract No: No. (81101200600000505)
  
	
  
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Loan Amount (RMB) 40 million
  
	
  
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Contract Term: March 24th, 2006 ~   September 24th, 2006
  
	
  
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Interest rate: fixed annual rate of 5.22%;
  
	
  
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Payment of Interest: The interest of the   principal shall be paid monthly, and the interest settlement date is on the twentieth   date of each month.
  
	
  
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Purpose of the loan is to purchase raw   materials for the Company.
  
	
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Liabilities of Breach of Contract Breach of   contract penalty; withdrawal of loan, prepayment of principal and interest   before maturity, attachment of assets; imposition of compound interest;   lawyer’s fee and travel cost in case of litigation due to the Company ‘s   breach of contract etc.
  

Headlines of the articles omitted 

	
  
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Outline of   the loan
  
	
  
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Condition precedent   to the drawing of the loan
  
	
  
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Rights and   obligations of the lender
  
	
  
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Rights and   obligations of the borrower
  
	
  
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Prepayment   of the loan
  
	
  
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Breach of   Contract
  
	
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Guaranty for   the loan
  
	
  
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Dispute settlement
  
	
  
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Miscellaneous
  
	
  
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Effectiveness
  
	
  
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Validity
  
	
  
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AttentionExhibit 10.5

Loan Agreement (3)

Summary of Loan Agreement by and between the Company and Agricultural Bank dated March 28, 2006

Main contents: 

	
  
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Contract No: No. (81101200600000539)
  
	
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Loan Amount (RMB) 41 million
  
	
  
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Contract Term: March 28th, 2006 ~   August 28th, 2006
  
	
  
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Interest rate: fixed annual rate of 5.22%;
  
	
  
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Payment of Interest: The interest of the   principal shall be paid monthly, and the interest settlement date is on the twentieth   date of each month.
  
	
  
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Purpose of the loan is to purchase raw   materials for the Company.
  
	
  
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Liabilities of Breach of Contract Breach of   contract penalty; withdrawal of loan, prepayment of principal and interest   before maturity, attachment of assets; imposition of compound interest;   lawyer’s fee and travel cost in case of litigation due to the Company ‘s   breach of contract etc.
  
	
  
 
  	
  
 
  
	
  
Headlines of the articles omitted 
  
	
  
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Outline of   the loan
  
	
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Condition precedent   to the drawing of the loan
  
	
  
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Rights and   obligations of the lender
  
	
  
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Rights and   obligations of the borrower
  
	
  
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Prepayment   of the loan
  
	
  
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Breach of   Contract
  
	
  
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Guaranty for   the loan
  
	
  
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Dispute settlement
  
	
  
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Miscellaneous
  
	
  
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Effectiveness
  
	
  
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Validity
  
	
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AttentionExhibit 10.6

Loan Agreement (4)

Summary of Loan Agreement by and between the Company and Agricultural Bank dated March 30, 2006

	
  
Main contents: 
  
	
  
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Contract No: No. (81101200600000562)
  
	
  
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Loan Amount (RMB) 39 million
  
	
  
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Contract Term: March 30th, 2006 ~   July 30th, 2006
  
	
  
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Interest rate: fixed annual rate of 5.22%;
  
	
  
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Payment of Interest: The interest of the   principal shall be paid monthly, and the interest settlement date is on the twentieth   date of each month.
  
	
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Purpose of the loan is to purchase raw   materials for the Company.
  
	
  
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Liabilities of Breach of Contract Breach of   contract penalty; withdrawal of loan, prepayment of principal and interest   before maturity, attachment of assets; imposition of compound interest;   lawyer’s fee and travel cost in case of litigation due to the Company ‘s   breach of contract etc.
  

	
  
Headlines of the articles omitted
  
	
  
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Outline of   the loan
  
	
  
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Condition precedent   to the drawing of the loan
  
	
  
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Rights and   obligations of the lender
  
	
  
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Rights and   obligations of the borrower
  
	
  
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Prepayment   of the loan
  
	
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  Breach of   Contract
  
	
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  Guaranty for   the loan
  
	
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  Dispute settlement
  
	
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  Miscellaneous
  
	
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  Effectiveness
  
	
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  Validity
  
	
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  Attention

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