CBAK Energy Technology (CBAT) 10-Q 2006 Q2 Quarterly report

Exhibit 10.6

Summary of Comprehensive Credit Facility Agreement between Shenzhen BAK Battery Co., Ltd. and Shuibei Branch, Shenzhen Commercial Bank (“Commercial Bank”) dated April 21, 2006.

• Contract number: Shen Shangyin (Shuibei) Shouxinzi (2006) A110020600006

• Maximum amount for credit facilities to be provided: RMB50 million;

• Term: from April 21, 2006 to April 21, 2007;

• Interest rate of loan shall be the base rate announced by the People’s Bank of China less 10%;

• Adjustment of credit can be made by the Commercial Bank under the any of the following:

• The Company suffers severe operational risk or its financial situation severely deteriorates;

• The Guarantor’s payment ability is obviously weakened or value of pledged collaterals decreases obviously;

• Occurrence of other instances which make the Commercial Bank think adjustment of credit facility is necessary;

• Breach of contract penalty: adjustment of credit, cancellation of unused credit, imposition of punitive interest, demand prepayment of loan and other measures;

• Special term:

• Credit facilities under the Comprehensive Agreement can only be used for technical innovation, production equipments improvement and purchase of equipments and raw materials.

Summary of the articles omitted

• Types of line of credit

• The use of the line of credit

• Repayment of the loan under the line of credit

• Representation and warranty of the lender

• Miscellaneous

• Applicable law

• Validity