GUARANTY AGREEMENT

Guarantee Agreement

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This Guarantee Agreement involves

CHINA BAK BATTERY INC | China Developmemnt Bank

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Title: GUARANTY AGREEMENT
Date: 1/3/2007

GUARANTY AGREEMENT, Parties: china bak battery inc , china developmemnt bank

Exhibit 10.2

Summary of Guaranty Agreement between and by Xiangqian Li and Shenzhen Branch, China Developmemnt Bank (“China Development Bank”) dated December 26, 2006

Main contents:
Summary of the main articles
•	As guarantor, Xiangqian Li undertakes to provide guaranty for the Company’s indebtedness towards China Development Bank under the Loan Agreement No. 4403232712006060721 (“Master Agreement”);
•	Secured items include the loan principal, interest, penalty interest, breach of contract compensation, damages, and all the expenses incurred for China Development Bank to realize its creditor’s right und

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