Summary of Purchase Agreement between Shenzhen BAK Battery Co., Ltd. and Luhua Technology (Shenzhen) Co., Ltd. dated April 14, 2004

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Summary

Shenzhen BAK Battery Co., Ltd. and Luhua Technology (Shenzhen) Co., Ltd. entered into a purchase agreement on April 14, 2004. The agreement allows the Company to purchase unspecified quantities of goods from Luhua, with the amount to be determined at each purchase. From September 2003 to September 2004, purchases totaled over RMB 74 million. If either party breaches the agreement, they must pay damages equal to 5% of the total contract value during the agreement's term.

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EX-10.6 8 medina8kex106011805.txt SUMMARY OF PURCHASE AGREEMENT EXHIBIT 10.6 Summary of Purchase Agreement by and between Shenzhen BAK Battery Co., Ltd. (the "Company") and Luhua Technology (Shenzhen) Co., Ltd. ("Luhua") dated as of April 14, 2004. The contract number for this agreement is WI-040204-LHKJ/04. This agreement does not include an exact quantity to be purchased by the Company. The quantity is to be determined at the time of each purchase. From September 2003 to September 2004, the purchase volume was RMB 74,046,804.72 Yuan. In the event of breach of contract, the breaching party must pay damages equal to five percent (5%) of the total contract value during the term of the agreement.