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 Caitian Branch,
Bank of Communications (the “Creditor”) Dated April 26, 2009

    

    Main
articles:

    
      	
              Ø

            	
              Contract
      number: 4431702009C000000000;

            

    

    
      	
              Ø

            	
              Maximum
      amount of credit facilities to be provided: RMB 200
    million;

            

    

    
      	
              Ø

            	
              Term:
      from March 25, 2009 to March 25,
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

            	
              Definitions
      and explanations

            

    

    
      	
              Ø

            	
              Prerequisite
      for using the comprehensive credit
facility

            

    

    
      	
              Ø

            	
              Procedure
      on using the comprehensive credit
facility

            

    

    
      	
              Ø

            	
              Declaration
      and Guarantee of the Debtor

            

    

    
      	
              Ø

            	
              Obligations
      of the Debtor

            

    

    
      	
              Ø

            	
              Transferring
      of the credit facility under the maximum
amount

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              Fee

            

    

    
      	
              Ø

            	
              Attachment

            

    

    
      	
              Ø

            	
              Validity

            

    

    
      	
              Ø

            	
              NotificationSummary of Loan Agreement
Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”) and
Shenzhen Caitian Branch, Bank of Communications (“the Creditor”) dated June 22,
2009

    

    Main
contents

    
      	
              Ø

            	
              Contract
      number: 4431702009C100000100;

            

    

    
      	
              Ø

            	
              Loan
      principal:
RMB 50 million;

            

    

    
      	
              Ø

            	
              Loan
      term: from June 23, 2009 to June 23,
  2010;

            

    

    
      	
              Ø

            	
              Interest
      rate: fixed at 4.779%;

            

    

    
      
        	
                 
      

              	
                n

              	
                Interest
      accrued and settled per month, interest settlement day is the 20th day
      of each month;

              

      

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for delayed repayment: 4.779% plus 50%
    *4.779%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for embezzlement of loan proceeds:
      4.779% *1;

            

    

    

    
      	
              Ø

            	
              Purpose
      of the loan is to provide working
capital;

            

    

    
      	
              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 Guaranty Contract
of Maximum Amount ( the “Contract”) Entered into by and between Xiangqian Li(the
“Guarantor”) and Shenzhen Caitian Branch, Bank of Communications (the
“Creditor”) on April 26, 2009

    

    Main
contents:

    Ø   
Guaranty Contract number: 4431702009B100000001;

    Ø   
Xiangqian Li undertakes to assume joint and several liabilities for
Shenzhen BAK Battery Co., Ltd (the “Obligor”)’s indebtedness towards Bank of
Communications under the Comprehensive Credit Facility Agreement of Maximum
Amount (reference no.: 4431702009C000000000) from March 25, 2009
to March 25, 2010, and the maximum amount secured is RMB 200
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 of the Guarantor

    Ø   
Obligations of the Guarantor

    Ø   
Agreement of Bank Sequestrate Deposits

    Ø   
Disputation settlement

    Ø   
Supplement articlesSummary of Guaranty Contract
of Maximum Amount ( the “Contract”) Entered into by and between BAK
International (Tianjin) Limited (the “Guarantor”) and Shenzhen Caitian Branch,
Bank of Communications (the “Creditor”) on April 26, 2009

    

    Main
contents:

    Ø     Guaranty
Contract number: 4431702009B100000000;

    Ø     Bak
International (Tianjin) Limited undertakes to assume joint and several
liabilities for Shenzhen BAK Battery Co., Ltd (the “Obligor”)’s indebtedness
towards Bank of Communications under the Comprehensive Credit Facility
Agreement of Maximum Amount (reference no.: 4431702009C000000000) from
March 25, 2009 to March 25, 2010, and the maximum amount secured
is RMB 200 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 of the Guarantor

    Ø     Obligations
of the Guarantor

    Ø     Agreement
of Bank Sequestrate Deposits

    Ø     Disputation
settlement

    Ø     Supplement
articlesSummary of Loan Agreement
Entered into by and between Shenzhen BAK Battery Co., Ltd. (“the Company”)
and Shenzhen
Branch, Bank of
China (the
“Creditor”) Dated June 2, 2009

    

    Main
articles:

    
      	
              Ø

            	
              Contract
      number: (2009)Zhenzhongyin Sijiezi
60312;

            

    

    
      	
              Ø

            	
              Loan
      principal: RMB 50 million;

            

    

    
      	
              Ø

            	
              Loan
      Term: from June 2, 2009 to June 2,
2010;

            

    

    
      	
              Ø

            	
              Interest
      rate: fixed at 4.779%;

            

    

    
      	
               
      

            	
              n

            	
              Interest
      accrued and settled per month, interest settlement day is the 20th
      day of each month;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for delayed repayment: 4.779% plus 50%
    *4.779%;

            

    

    
      	
               
      

            	
              n

            	
              Penalty
      interest rate for embezzlement of loan proceeds: 4.779%
  *1;

            

    

    
      	
              Ø

            	
              If
      any of the following occurs, the Creditor is entitled to demand prepayment
      of loan principal and interest before maturity and cancel all loans
      unprovided:

            

    

    
      	
               
      

            	
              n

            	
              Delay
      in repayment of loan interest and the
  loan principal;

            

    

    n        The
Company uses loan proceeds for purposes other than what is  agreed without
the consent of the Creditor;

    n        The
Company provides untrue declaration or hide important  financial
information about its operation;

    
      	
               
      

            	
              n

            	
              The
      Company terminates operation or is stopped from
  operation;

            

    

    
      	
              Ø

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

            

    

    
      	
              Ø

            	
              This
      Loan Agreement is in compliance with the Comprehensive Credit Facility
      Agreement of Maximum Amount (No. Zhenzhongyin Exiezi
    000024).

            

    

    
      	
              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

            	
              Guarantee

            

    

    
      	
              Ø

            	
              Declaration
      and Promise

            

    

    
      	
              Ø

            	
              Rights
      reserved

            

    

    
      	
              Ø

            	
              Modification,
      Amendment and Termination of
Contract

            

    

    
      	
              Ø

            	
              Disputation
      settlement

            

    

    
      	
              Ø

            	
              Fee

            

    

    
      	
              Ø

            	
              Attachment

            

    

    
      	
              Ø

            	
              Other
      agreements

            

    

    
      	
              Ø

            	
              Validity

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