Sales Agreement between Shenzhen BAK Battery Co., Ltd. and Zhongshan Mingji Battery Co., Ltd. dated October 25, 2003

Summary

Shenzhen BAK Battery Co., Ltd. and Zhongshan Mingji Battery Co., Ltd. entered into a sales agreement on October 25, 2003. The agreement allows Zhongshan to purchase battery cells from the Company, with the quantity to be decided at each sale. From September 2003 to September 2004, sales under this agreement totaled over RMB 58.9 million, representing 15% of the Company's sales. The Company is responsible for any product malfunctions caused by battery cell quality issues.

EX-10.5 7 medina8kex105011805.txt SUMMARY OF SALES AGREEMENT EXHIBIT 10.5 Summary of Sales Agreement by and between Shenzhen BAK Battery Co., Ltd. (the "Company") and Zhongshan Mingji Battery Co., Ltd. ("Zhongshan") dated as of October 25, 2003. The contract number for this agreement is WI-BAK-2003-05-28. This agreement does not include an exact quantity to be purchased by Zhongshan. The quantity is to be determined at the time of each sale. From September 2003 to September 2004, the sales volume was RMB 58,941,628.09 Yuan. These sales constituted 15% of the total sales of the Company for the period September 2003 to September 2004. The Company is liable for breach of contract in the event that the quality of the battery cell causes the product to malfunction.