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 ▇▇.▇▇▇
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.