Credit Facility Agreement
No. (2006) Zhen Zhong Yin E Xie Zi 000177
Applicant (hereinafter “Party A”): Shenzhen BAK Battery Co., Ltd
Legal Representative: Xiangqian Li
Address: Kuichong Town, Longgang District, Shenzhen
Telephone No: 0755-89770433
Creditor (hereinafter “Party B”): Shenzhen Branch, Bank of China
Person in Charge: Yongkuan Duan
Address: No. 2022, Construction Road, Shenzhen
Telephone No: 0755-28922013
In order to develop the long-term, stable, mutual benefit cooperation relationship between Party A and Party B, both parties
have entered into this Agreement under the principle of voluntaries, equity, mutual benefits and trustworthiness.
Article 1. Credit Facility
The aforesaid amount shall be applied in writing by Party A and by the consensus of Party B. The division of the amount shall
be adjusted by the internal conversion rate, but the maximum amount of use shall not exceed the maximum credit facility of this
Article 2. The Term of Credit Facility
The term of the credit facility of this Agreement is one year (from August 31, 2006 to August 31, 2007). The aforesaid facility can
be used from time to time if Party A applies for it and the application is approved by Party B.
Article 3. Use of Credit Facility
Party A shall use the credit facility in accordance with the requirements of using it which stipulated in Clause 2 of Article 1.
Article 4. Security
All the indebtedness of every single credit facility under this Credit Facility Agreement shall be guaranteed by Mr. Xiangqian Li
in accordance with No. 0184 Guaranty Contract of 2006 Zhen Zhong Yin Si Bao E.
Article 5. Use of Credit Facility under this Agreement
Party A shall use the credit facility under this Agreement with satisfaction of all the following conditions:
(1) Party B provides Party A the credit facility of no more than RMB 500,000,000.00 yuan from August 31 2006 to August 31
2007. Party A may apply for different currencies within the aforesaid amoun