Exhibit 10.28
Summary
Translation
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Guaranty Contract signed by and between Shenzhen BAK Battery Co., Ltd. (the
"Company") and Longgang Branch, Shenzhen Development Bank (the "Development
Bank") dated as of December 18, 2003
>> Contract number: Shenfa Longgang bao zi No.200312057.
>> As guarantor, the Company undertakes to assume joint and several
responsibilities to secure the performance of the loan agreement (principal
contract) signed by and between Shenzhen KuiYongZhenDa Development Xx.Xxx
which include the loan principal, interest, penalty interest, expenses for
the Lender to realize its creditor's rights, and maximum secured amount for
the loan principal is RMB10 million.
>> Guaranty period: Guaranty Contract starts from the signing date of this
Guaranty Contract and ends in two years time from expiry of the principal
contract.
Terms that have been omitted: indebtedness to be secured and maximum amount;
commitment of the guarantor; liability; dispute settlement; miscellaneous;
effectiveness; validity; and attention.
