Summary of Loan Agreement by and between Shenzhen BAK Battery Co., Ltd. and Longgang Branch,
Agricultural Bank of China dated March 25, 2005.
>> Contract No.: (Shenzhen Longgang) Nong Yin Jie Zi (81101200500000338) >> Loan Amount (RMB):
>> Contract Term: 25th March 2005~ 25th September 2005 >> Interest rate: 5.22%; repayment principal and
interest are payable six months from date of agreement
>> Purpose: Working capital
>> 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.
Terms that have been omitted: types of the loan; clearing of the loan interest; condition precedent to the drawing
of the loan; rights and obligations of the borrower; rights and obligations of the lender; prepayment of the loan;
guarantee of the loan; dispute settlement; miscellaneous; effectiveness; validity; and attention.