<SEC-DOCUMENT>0001062993-16-008333.txt : 20160314
<SEC-HEADER>0001062993-16-008333.hdr.sgml : 20160314
<ACCEPTANCE-DATETIME>20160314170012
ACCESSION NUMBER:		0001062993-16-008333
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20160314
DATE AS OF CHANGE:		20160314

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA BAK BATTERY INC
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79906
		FILM NUMBER:		161504541

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422
		BUSINESS PHONE:		(86)(411)6251-0619

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Li Yunfei
		CENTRAL INDEX KEY:			0001668641

	FILING VALUES:
		FORM TYPE:		SC 13D

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>sched13d.htm
<DESCRIPTION>SCHEDULE 13D
<TEXT>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C. 20549
<BR><B>________________ </B></P>
<P align=center><B><FONT size=5>SCHEDULE 13D </FONT></B><BR>(Amendment No. )*
</P>
<P align=center><B><U><FONT size=5>CHINA BAK BATTERY,
INC.</FONT></U></B><BR>(Name of Issuer) </P>
<P align=center><B><U>COMMON STOCK, PAR VALUE $0.001 PER SHARE</U> </B><BR>(Title of Class of Securities) </P>
<P align=center><B><U>16936Y 209</U> </B><BR>(CUSIP Number) </P>
<P align=center><B>Yunfei Li </B><BR><B>BAK Industrial Park, Meigui Street,
Huayuankou Economic Zone, </B><BR><B>Dalian, China 116422
</B><BR><B><U>86-411-39185985</U></B></P>
<P align=center><I>Copies to</I><BR><B>Thomas Shoesmith</B><BR><B>Pillsbury
Winthrop Shaw Pittman LLP </B><BR><B>2550 Hanover Street </B><BR><B>Palo Alto,
CA 94304-1115 </B><BR><B><U>(650) 233-4500</U> </B><BR>(Name, Address and
Telephone Number of Person <BR>Authorized to Receive Notices and Communications)
</P>
<P align=center><B><U>March 4, 2016</U> </B><BR>(Date of Event which
Requires Filing Statement on Schedule 13D) </P>
<P align=justify>If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box [ ]. </P>
<P align=justify><B>Note</B>: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See
Rule 13d-7 for other parties to whom copies are to be sent. </P>
<P align=justify>* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page. </P>
<P align=justify>The information required on the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes). </P>
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<P align=justify><B>CUSIP NO: 16936Y 209 </B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0 BCLLIST>

  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top width="5%">1. <BR><BR><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF
      ABOVE PERSONS (ENTITIES ONLY)</P>
      <P align=justify>Yunfei Li</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top width="5%">2. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>CHECK THE APPROPRIATE BOX IF A MEMBER OF A
      GROUP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      (a)
      [_]&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
      <U>[&nbsp; </U>]</P>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top width="5%">3. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>SEC USE ONLY</P>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=left width="5%">4. <BR><BR><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>SOURCE OF FUNDS<BR><BR>PF<BR></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=left width="5%">5. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>
      <P>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
      ITEM 2(e) or
      2(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      [__] </P>
      <P>&nbsp;</P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 0px solid"
    vAlign=top align=left width="5%">6. <BR><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 0px solid"
    align=left>CITIZENSHIP OR PLACE OF ORGANIZATION<BR><BR>People&#146;s Republic
      of China</TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0>

  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center rowSpan=4>NUMBER OF <BR>SHARES <BR>BENEFICIALLY <BR>OWNED BY
      <BR>EACH <BR>REPORTING <BR>PERSON WITH </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="5%">7. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="75%">
      <P>SOLE VOTING
      POWER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      3,030,000 shares of common stock <SUP>(1)</SUP> </P>
      </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="5%">8. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="75%">
      <P>SHARED VOTING
      POWER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;0</P>
      </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="5%">9. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="75%">
      <P>SOLE DISPOSITIVE
      POWER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      3,030,000 shares of common stock<SUP>(1)</SUP> </P>
      </TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="5%">10. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="75%">
      <P>SHARED DISPOSITIVE
      POWER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      0 </P>
      </TD></TR></TABLE></DIV>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0 BCLLIST>

  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 0px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=center width="5%">11. <BR><BR><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 0px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON<BR><BR>3,030,000 shares of common stock<SUP>(1)</SUP><BR></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=center width="5%">12. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
      EXCLUDES&nbsp;CERTAIN SHARES<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;[&nbsp;&nbsp; ]</P>
      </TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=center width="5%">13. <BR><BR><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
      <P align=justify>17.6%<SUP>(1)</SUP><BR></P></TD></TR>
  <TR>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=top align=center width="5%">14. </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P align=justify>TYPE OF REPORTING PERSON
<BR>IN</P></TD></TR></TABLE></DIV>
<P align=justify>(1)Including 30,000 restricted shares of the Company&#146;s common
stock which were granted to the Reporting Person on June 30, 2015 under the
Company&#146;s 2015 Equity Incentive Plan. The restricted shares vest over a three
year period in 12 equal quarterly installments with the first vesting date on
June 30, 2015. </P>
<P align=justify>(2) Based on 17,145,493 shares of common stock outstanding as
of February 12, 2016, as reported in the Company&#146;s Quarterly Report on Form 10-Q
filed with the SEC on February 16, 2016 </P>
<P align=center>2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify>The information set forth in response to each separate Item
below shall be deemed to be a response to all Items where such information is
relevant. The information set forth in the Exhibits attached hereto is expressly
incorporated herein by reference and the response to each Item of this statement
is qualified in its entirety by the provisions of such Exhibits. </P>
<P align=justify><B>Item 1. Security and Issuer. </B></P>
<P align=justify>The name of the issuer is China BAK Battery, Inc., a Nevada
corporation (the "Company"), which has its principal executive offices at BAK
Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian, China 116422.
This statement relates to the common stock, par value $0.001 per share (the
"Common Stock") of the Company. </P>
<P align=justify><B>Item 2. Identity and Background.</B> </P>
<P align=justify>(a) The person filing this statement is Yunfei Li (the
&#147;Reporting Person&#148;). </P>
<P align=justify>(b)-(c) The business address of the Reporting Person, which
also serves as his principal office, is at BAK Industrial Park, Meigui Street,
Huayuankou Economic Zone, Dalian, China 116422. The Reporting Person is the
Chief Executive Officer and Chairman of the Company.</P>
<P align=justify>(d)-(e) During the last five years, the Reporting Person has
not been (i) convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.</P>
<P align=justify>(f) The Reporting Person is a citizen of the People&#146;s Republic
of China. </P>
<P align=justify><B>Item 3. Source and Amount of Funds or Other Consideration.
</B></P>
<P align=justify>On March 4, 2016, the Reporting Person entered into a stock
purchase agreement with Xiangqian Li, pursuant to which the Reporting Person
purchased 3,000,000 shares of Common Stock in a private transaction from
Xiangqian Li for $7.2 million at a price of $2.40 per share. Such shares were
purchased with the Reporting Person&#146;s personal funds.<B> </B></P>
<P align=justify>On June 30, 2015, the Reporting Person was granted 30,000
shares of restricted stock under the Company&#146;s 2015 Equity Incentive Plan. The
restricted shares vest over a three year period in 12 equal quarterly
installments with the first vesting date on June 30, 2015. </P>
<P align=justify><B>Item 4. Purpose of Transaction.</B></P>
<P align=justify>The Reporting Person acquired
3,000,000 shares of the Common Stock as described in Item 3 above for investment
purposes.</P>
<P align=justify>Other than as described above in this Item 4, the Reporting
Person has no present plans or proposals that relate to or would result in any
of the events or matters described in part (a) through (j) of Item 4 of the
Statement on Schedule 13D. </P>
<P align=justify><B>Item 5. Interest in Securities of the Issuer. </B></P>
<P align=justify>(a) &#150; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of the
date of this statement, the Reporting Person beneficially owns 3,030,000 shares
of Common Stock, representing approximately 17.6% of the outstanding shares of
the Company (based on 17,145,493 shares of Common Stock outstanding as of
February 12, 2016, as reported in theCompany&#146;s Quarterly Report on Form 10-Q filed with the SEC on
February 16, 2016). For purposes of Rule 13d-3 promulgated under the Exchange
Act, the Reporting Person has the sole voting and dispositive power over
3,030,000 shares of Common Stock.</P>
<P align=center>&nbsp;3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other than the
transactions described Item 3 above, the Reporting Person has not been involved
in any transactions involving Common Stock of the Company in the last 60
days.</P>
<P align=justify>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None.</P>
<P align=justify>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.
</P>
<P align=justify><B>Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.</B></P>
<P align=justify>Except as disclosed in Items 3 and 4 above, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among the Reporting Person and any other person with respect to any securities
of the issuer, including, but not limited to transfer or voting of any of the
securities, finder&#146;s fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.</P>
<P align=justify><B>Item 7. Material to be Filed as Exhibits. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B><U>Exhibit No.</U></B> </TD>
    <TD align=left width="90%"><B><U>Description</U></B> </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="90%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD align=left width="90%" bgColor=#eeeeee>
      <P align=justify><a href="exhibit99-1.htm">Stock Purchase Agreement by and between Xiangqian Li and
  Yunfei Li, dated March 4, 2016. </a></P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="90%">&nbsp;      </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee><a href="exhibit99-2.htm">99.2 </a></TD>
    <TD align=left width="90%" bgColor=#eeeeee>
      <P align=justify><a href="exhibit99-2.htm">Restricted Share Award Agreement by and between the
      Company and Yunfei Li, dated June 30, 2015. </a></P></TD></TR></TABLE>
<P align=center>4</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center><B>SIGNATURES </B></P>
<P align=justify>After reasonable inquiry and to the best of his and its
knowledge and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct. </P>
<P align=justify>Dated: March 14, 2016 </P>
<P align=justify><U>/s/ Yunfei Li</U> <BR>Yunfei Li <BR></P>
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<TYPE>EX-99.1
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<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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   <TITLE>China BAK Battery, Inc. - Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
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<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exhibit 99.1 </B></P>
<P align=center><B>STOCK PURCHASE AGREEMENT </B></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS
STOCK PURCHASE AGREEMENT, dated as of March 4, 2016 (this &#147;<B>Agreement</B>&#148;),
between Mr. Xiangqian Li (the &#147;<B>Seller</B>&#148;) and Mr. Yunfei Li (the
&#147;<B>Purchaser</B>&#148;). </P>
<P align=center><B>BACKGROUND </B></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Seller is the owner of <U>3,760,557 </U>shares of common stock, $0.001 par value
per share (&#147;<B>Common Stock</B>&#148;) of China BAK Battery, Inc., a Nevada
corporation (the &#147;<B>Company</B>&#148;). The Purchaser desires to purchase
<U>3,000,000</U> shares of Common Stock of the Company (the &#147;<B>Shares</B>&#148;)
from the Seller, and the Seller desires to sell the Shares to the Purchaser, on
the terms and conditions set forth below. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the premises and of the mutual promises set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Purchaser and the Seller hereby agree as
follows: </P>
<P align=center><B>AGREEMENT </B></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Sale of Shares: Purchase
Price</U>. Subject to the terms and conditions set forth herein, the Purchaser
hereby agrees to purchase the Shares from the Seller, and the Seller agrees to
sell the Shares for a purchase price per share of $2.4, or an aggregate sale
price of $7,200,000 (&#147;<B>Purchase Price</B>&#148;). </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Closing</U>. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The closing (the &#147;<B>Closing</B>&#148;) shall take place on the date of the execution
of this Agreement at such time or place as the parties hereto may agree
upon.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the Closing, the Purchaser shall pay to the Seller the Purchase Price in
immediately available funds via wire transfer to the account designated by the
Seller. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Within five (5) business days following the Closing, the Seller shall deliver to
the Purchaser a certificate or certificates representing the Shares with all
necessary stock transfer stamps, if any are required, affixed thereto,
accompanied by an executed stock transfer power duly endorsed in blank with
signature guaranteed (or such other signed instrument of transfer acceptable to
the Company&#146;s Transfer Agent) and such other documents as may be necessary to
effect the transfer of the Shares to the Purchaser free and clear of all liens,
claims, charges, security interests, and encumbrances of any kind
whatsoever.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Representations and Warranties of Seller</U>. The Seller represents and
warrants to the Purchaser that: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Seller owns the Shares of record and the Shares are free and clear of all liens, claims, charges, security interests, and
encumbrances of any kind whatsoever. The Seller has sole control over such
Shares or sole discretionary authority over any account in which they are held.
Except for this Agreement, there are no outstanding warrants, options or rights
of any kind to acquire from the Seller any of the Shares. Delivery of the Shares
by the Seller to the Purchaser in accordance with this Agreement will vest title
to all of the Shares in the Purchaser, free and clear of all liens, pledges,
encumbrances, claims and equities of every kind.</P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Seller has full right, power and authority to execute, deliver and perform
this Agreement and to carry out the transactions contemplated hereby. This
Agreement has been duly and validly executed and delivered by the Seller and
constitutes a valid, binding obligation of the Seller, enforceable against the
Seller in accordance with its terms (except as such enforceability may be
limited by applicable bankruptcy and similar laws affecting the enforcement of
creditors&#146; rights generally and to general equitable principles).</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Seller has, in connection with the transactions contemplated hereby and all
aspects thereof, dealt directly with the Purchaser and has no arrangement or
understanding with or obligation to any broker (except with respect to
ministerial functions, if any) or other intermediary that would result in the
payment of a brokerage fee or other similar remuneration by anyone other than
the Seller. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The execution and delivery of this Agreement and the performance of its
respective terms will not, with or without the giving of notice or the passage
of time, conflict with, constitute a violation or breach of or result in a
default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel or require any notice or consent under
(a) any contract, security interest, or other arrangement to which such Seller
is a party or by which such Seller or its property is bound or to which any of
such Seller&#146;s assets are subject, (b) any order, writ, injunction, award,
decree, decision or ruling of any court, arbitrator or governmental or
regulatory body against or binding such Seller or its property, or (c) any
statute, law, rule or regulation of any jurisdiction to which Seller or its
property may be subject. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Seller makes no representations or warranties with respect to the business,
assets, liabilities, operations, condition (financial or otherwise), and
prospects of the Company. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Representations and Warranties of the Purchaser</U>. The Purchaser represents
and warrants to the Seller that:</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser has full right, power and authority to execute, deliver and
perform this Agreement and to carry out the transactions contemplated hereby.
This Agreement has been duly and validly executed and delivered by the Purchaser
and constitutes a valid, binding obligation of the Purchaser, enforceable
against the Purchaser in accordance with its terms (except as such
enforceability may be limited by applicable bankruptcy and similar laws
affecting the enforcement of creditors&#146; rights generally and to general
equitable principles).</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser has independently evaluated the merits of its decision to purchase
the Shares pursuant to this Agreement, and the Purchaser confirms that it has
not relied on the advice of the Seller or the Company&#146;s management or the
Company&#146;s business and/or legal counsel in making such decision, except as with respect
the Representations and Warranties of the Seller hereunder and any information
filed by the Seller or the Company with the U.S. Securities and Exchange
Commission. </P>
<P align=center>2 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the
prospective investment in the Shares, and has so evaluated the merits and risks
of such investment. The Purchaser is able to bear the economic risk of an
investment in the Shares and, at the present time, is able to afford a complete
loss of such investment. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Purchaser is an &#147;accredited investor&#148; as defined in Rule 501(a) under the
Securities Act of 1933, as amended (the &#147;<B>Securities Act</B>&#148;). Such Purchaser
is not a registered broker-dealer under Section 15 of the Securities Exchange
Act of 1934, as amended (the &#147;<B>Exchange Act</B>&#148;).</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser is acquiring the Shares for its own accounts (and not for the
accounts of others) for investment and not with a view to the distribution or
resale thereof. The Purchaser has no agreement or other arrangement with any
person to sell, transfer or pledge any part of the Shares which would guarantee
the Purchaser any profit or provide any guarantee to the Purchaser against any
loss with respect to the Shares. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The execution and delivery of this Agreement and the performance of its
respective terms will not, with or without the giving of notice or the passage
of time, conflict with, constitute a violation or breach of or result in a
default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel or require any notice or consent under
(a) any contract, security interest, or other arrangement to which such
Purchaser is a party or by which such Purchaser or its property is bound or to
which any of such Purchaser&#146;s assets are subject, (b) any order, writ,
injunction, award, decree, decision or ruling of any court, arbitrator or
governmental or regulatory body against or binding such Purchaser or its
property, or (c) any statute, law, rule or regulation of any jurisdiction to
which Purchaser or its property may be subject.. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser acknowledges that the Shares are &#147;restricted securities&#148; as
defined in Rule 144 under the Securities Act.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Purchaser acknowledges that the Seller may possess material non-public
information not known to the Purchaser regarding or relating to the Company or
the Shares, and the Purchaser acknowledges that it has not requested such
information and agrees that the Seller shall have no liability whatsoever (and
the Purchaser hereby waives and releases all claims which it would otherwise
have) with respect to the non-disclosure of such information either prior to the
date hereof or subsequent hereto.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Lock-Up</U>. The Purchaser hereby irrevocably agrees that it will not,
without the prior written consent of the Company for a period commencing on the
date hereof and ending on the second anniversary of the date of this Agreement
(the &#147;<B>Lock-Up Period</B>&#148;), (i) offer, sell, assign, transfer, encumber,
pledge, contract to sell, grant an option, right or warrant to purchase,
announce the intention to sell, sell any option or contract to purchase,
purchase any option or contract to sell, or otherwise dispose of any Shares or any
securities convertible into, or exercisable or exchangeable for, the Shares, or
(ii) enter into any swap or other agreement that transfers, in whole or in part,
any of the economic consequences of ownership of the Shares or such other
securities convertible into, or exercisable or exchangeable for, the Shares
(whether any such transaction described in clause (i) or (ii) above is to be
settled by delivery of Shares or such other securities, in cash or otherwise),
in each case, beneficially owned (within the meaning of Rule 13d-3 under the
Exchange Act) or otherwise controlled by the Purchaser on the date hereof or
hereafter acquired or otherwise controlled.</P>
<P align=center>3 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
furtherance of the foregoing, the Purchaser further agrees that the Company is
authorized to place an irrevocable stop order on all Shares and notify the
Company&#146;s transfer agent in writing of the stop order and the restrictions on
such Shares under this Agreement and direct the Company&#146;s transfer agent not to
process any attempts by the Purchaser to resell or transfer any Shares, except
in compliance with this Agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.<STRONG><EM>&nbsp;</EM></STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Survival</U>. The Seller and the Purchaser covenant that their respective
representations and warranties contained herein shall be true in all respects as
of the Closing date of the sale of the Shares pursuant to this Agreement. All
representations and warranties and other agreements made by the Seller and the
Purchaser in this Agreement or pursuant hereto shall survive the Closing date
until the first anniversary of the date hereof. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Additional Action</U>. Each party shall, upon the request of the other, from
time to time, execute and deliver promptly to such other party all instruments
and documents of further assurances or otherwise and will do any and all such
acts and things as may be reasonably required to carry out the obligations of
such party hereunder and to consummate the transactions contemplated hereby.
</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Successors and Assigns</U>. This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective successors and assigns.
Nothing expressed or referred to in this Agreement will be construed to give any
person other than the parties to this Agreement any legal or equitable right,
remedy or claim under or with respect to this Agreement or any provision of this
Agreement, except such rights as shall inure to a successor or permitted
assignee pursuant to hereto. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Governing Law</U>. This Agreement shall in all respects be governed by the
laws of the State of New York without giving effect to the principles of
conflicts of law thereof. Any dispute with respect to the interpretation of this
Agreement or the rights and obligations of the parties shall exclusively be
brought in a proceeding in the United States District Court for the Southern
District of New York, or if such court does not have subject matter jurisdiction
then in the Supreme Court of the State of New York, County of New York. Each of
the parties accepts and consents for itself and its property, generally and
unconditionally to the exclusive jurisdiction of such courts and waives the
right to object to the jurisdiction or venue of either of such courts and waives
the right to claim that such courts are inconvenient forums. Each of the parties
specifically states that this Agreement and any disputes as to their meaning or
the rights and obligations of the parties shall not be subject to
arbitration.</P>
<P align=center>4 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Entire Agreement</U>. This Agreement constitutes the entire arrangement
between the parties with respect to the Shares and supersedes all prior
agreements, whether written or oral, between the parties with respect to is
subject matter.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Amendment; Waiver; Remedies Cumulative</U>. The rights and remedies of the
parties to this Agreement are cumulative and not alternative. No provision of
this Agreement may be waived or amended except in a written instrument signed,
in the case of an amendment, by both parties hereto or, in the case of a waiver,
by the party against whom enforcement of any such waiver is sought. No waiver of
any default with respect to any provision, condition or requirement of this
Agreement shall be deemed to be a continuing waiver in the future or a waiver of
any subsequent default or a waiver of any other provision, condition or
requirement hereof. Neither any failure nor any delay by any party in exercising
any right, power or privilege under this Agreement or any of the documents
referred to in this Agreement will operate as a waiver of such right, power or
privilege, and no single or partial exercise of any such right, power or
privilege will preclude any other or further exercise of such right, power or
privilege or the exercise of any other right, power or privilege.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Assignment</U>. The Purchaser may at any time assign its rights and
obligations under this Agreement to persons or entities affiliated with the
Purchaser. The Seller shall be required to honor any such assignment only after
receiving notice thereof from the Purchaser.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Notices</U>. Any notice, demand or other communication to be given hereunder
by either party to the other shall be in writing (including facsimile
transmissions and electronic mail) or confirmed in writing (including facsimile
transmissions and electronic mail) and (unless provided otherwise) shall be
effective when received at the address specified on the signature page hereto
(or to such other address as the party shall have furnished in accordance with
the provisions of this Section 13).</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Captions</U>. The captions used in this Agreement are for convenience only
and shall not be deemed as, or construed as, a part of this Agreement. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Waiver of Jury Trial</U>. Each party hereby waives, to the fullest extent
permitted by law, any right it may have to a trial by jury in respect to any
proceeding directly or indirectly arising out of, under or in connection with
this Agreement.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Severability</U>. If any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless
remain in full force and effect. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the parties shall
negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible to the fullest extent permitted by
applicable law in an acceptable manner to the end that the transactions
contemplated hereby are fulfilled to the extent possible. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Confidentiality</U>. This Agreement and the terms thereof shall be kept
confidential and not disclosed to any person or party (except the respective
attorneys of the parties), except as may be required by law. </P>
<P align=center>5 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Advisors</U>. Each Purchaser and
Seller acknowledges that prior to the execution of this Agreement it had full
opportunity to consult with its independent attorneys and advisors as it deemed
appropriate and fully understands the nature and scope of its rights and
obligations hereunder. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Expenses</U>. Each party shall be
responsible for, and pay, its own expenses incurred in connection with the
preparation and negotiation of this Agreement and in connection with its
performance hereunder. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Counterparts; Facsimile Execution</U>. This Agreement may be executed in two
or more counterparts, each of which shall be deemed an original, and all of
which shall constitute one and the same instrument. Facsimile execution and
delivery of this Agreement is legal, valid and binding for all purposes. </P>
<P align=center>[<I>Signature Page Follows</I>]</P>
<P align=center>6 </P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the day and year first above written. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>SELLER:</B> </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Xiangqian Li
    </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Mr. Xiangqian Li </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Address: </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>PURCHASER:</B> </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Yunfei Li </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Mr. Yunfei Li </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Address: </TD>
    <TD align=left width="50%" >&nbsp;</TD></TR></TABLE>
<P align=center>[<I>Signature Page to Stock Purchase Agreement</I>] </P>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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   <TITLE>China BAK Battery, Inc. - Exhibit 99.2 - Filed by newsfilecorp.com</TITLE>
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<P align=right><B>Exhibit 99.2 </B></P>
<P align=center><B>CHINA BAK BATTERY, INC.</B></P>
<P align=center><B>2015 EQUITY INCENTIVE PLAN </B></P>
<P align=center><B><U>NOTICE OF RESTRICTED SHARE AWARD </U></B></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Capitalized but otherwise undefined terms in this Notice of Restricted Share
Award and the attached Restricted Share Award Agreement shall have the same
defined meanings as in the China BAK Battery, Inc. 2015 Equity Incentive Plan
(the &#147;<B>Plan</B>&#148;). </P>
<P align=justify>Grantee Name:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yunfei
Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR></U>Address:&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
11 Meigui Street, Huayuankou Economic Zone, Dalian City, Liaoning Province
116422
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You have been granted Restricted Shares subject to the terms and conditions of
the Plan and the attached Restricted Share Award Agreement, as follows: </P>
<DIV align=center>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=top>
    <TD align=left>Date of Grant: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >June 30, 2015 </TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="40%"  >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Vesting Commencement Date </TD>
    <TD align=left width="40%" >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>(if different from Date of Grant): </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >June 30, 2015 </TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="40%"  >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Purchase Price per Share: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >$0.001</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="40%"  >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Total Number of Shares Granted: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >30,000 </TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="40%"  >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Agreement Date : </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >June 30, 2015 </TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="40%"  >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Vesting Schedule: </TD>
    <TD align=left width="40%" >&nbsp;</TD>
    <TD align=left width="27%" >&nbsp;</TD></TR></TABLE></DIV>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Restricted Shares granted will become vested and exercisable in twelve (12)
equal quarterly installments on the last day of each quarter beginning on June
30, 2015 and ending on March 31, 2018. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=center><B>CHINA BAK BATTERY, INC. </B></P>
<P align=center><B>2015 EQUITY INCENTIVE PLAN </B></P>
<P align=center><B><U>RESTRICTED SHARE AWARD AGREEMENT</U></B> </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This <B>RESTRICTED SHARE AWARD AGREEMENT </B>(&#147;<B><U>Agreement</U></B>&#148;), dated
as of the Agreement Date specified on the Notice of Restricted Share Award is
made by and between CHINA BAK BATTERY, INC., a Nevada corporation (the
&#147;<B><U>Company</U></B>&#148;), and the grantee named in the Notice of Restricted
Share Award<B> </B>(the &#147;<B><U>Grantee</U></B>,&#148; which term as used herein shall
be deemed to include any successor to Grantee by will or by the laws of descent
and distribution, unless the context shall otherwise require). Capitalized terms
used but not otherwise defined in this Agreement have the meanings ascribed to
them in the China BAK Battery, Inc. 2015 Equity Incentive Plan (the
&#147;<B><U>Plan</U></B>&#148;). </P>
<P align=center><B>BACKGROUND </B></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the Plan, the Company, acting through the Administrator, approved
the issuance to Grantee, effective as of the date set forth above, of an award
of the number of Restricted Shares (&#147;<B><U>Restricted</U></B><B>
</B><B><U>Shares</U></B>&#148;) as is set forth in the attached Notice of Restricted
Share Award (which is expressly incorporated herein and made a part hereof, the
&#147;<B><U>Notice of Restricted Share Award</U></B>&#148;), upon the terms and conditions
hereinafter set forth. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>NOW, THEREFORE</STRONG>, in consideration of the mutual premises and
undertakings hereinafter set forth, the parties agree as follows: </P>
<P align=justify>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Grant and
Purchase of Restricted Shares</U></B>. The Company hereby grants to Grantee, and
Grantee hereby accepts and purchases, the number of Restricted Shares set forth
in the Notice of Restricted Share Award.</P>
<P align=justify>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<B><U>Shareholder Rights</U></B><B>.</B> </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Voting Rights</U>. Until such time as all
or any part of the Restricted Shares are forfeited to the Company under this
Agreement, if ever, Grantee (or any successor in interest) has the rights of a
shareholder, including voting rights, with respect to the Restricted Shares
subject, however, to the transfer restrictions or any other restrictions set
forth in the Plan.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividends and Other Distributions</U>.
During the Period of Restriction, Grantee holding Restricted Shares is entitled
to all regular cash dividends or other distributions paid with respect to all
Restricted Shares while they are so held. If any such dividends or distributions
are paid in Restricted Shares, such Restricted Shares will be subject to the
same restrictions on transferability and forfeitability as the Restricted Shares
with respect to which they were paid.</P>
<P align=justify>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Vesting of
Restricted Shares</U></B>. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp; The Restricted Shares are restricted and subject to
forfeiture until vested. The Restricted Shares which have vested and are no
longer subject to forfeiture are referred to as &#147;<B>Vested Shares</B>.&#148; All
Restricted Shares which have not become Vested Shares are referred to as
&#147;<B>Nonvested Shares</B>.&#148; </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted Shares will vest and become
nonforfeitable in accordance with the vesting schedule contained in the Notice
of Restricted Shares Grant. In the event of a Change in Control, the Administrator, pursuant to the Plan, may accelerate the time at
which all or any portion of Grantee&#146;s Restricted Shares will vest.</P>
<P align=center>2 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions. Terms used in Section 4 have
the following meanings: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&#147;Cause&#148; has the meaning ascribed to such term
or words of similar import in Grantee&#146;s written employment or service contract
with the Company or its Affiliate and, in the absence of such agreement or
definition, means Grantee&#146;s (i) conviction of, or plea of nolo contendere to, a
felony or any other crime involving moral turpitude; (ii) fraud on or
misappropriation of any funds or property of the Company or any of its
Affiliates, customer or vendor; (iii) personal dishonesty, incompetence, willful
misconduct, willful violation of any law, rule or regulation (other than minor
traffic violations or similar offenses), or breach of fiduciary duty which
involves personal profit; (iv) willful misconduct in connection with Grantee&#146;s
duties or willful failure to perform Grantee&#146;s responsibilities in the best
interests of the Company or any of its Affiliates; (v) illegal use or
distribution of drugs; (vi) violation of any rule, regulation, procedure or
policy of the Company or any of its Affiliates; or (vii) breach of any provision
of any employment, non-disclosure, non-competition, non-solicitation or other
similar agreement executed by Grantee for the benefit of the Company or any of
its Affiliates, all as determined by the board of directors of the Company or
its Affiliate (as the case may be), which determination will be conclusive.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii)&nbsp;&nbsp;&nbsp;&nbsp; &#147;Retirement&#148; means Grantee&#146;s retirement from
Company employ as determined in accordance with the policies of the Company or
its Affiliates in good faith by the Board of Directors of the Company, which
determination will be final and binding on all parties concerned. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonvested Shares may not be sold,
transferred, assigned, pledged, or otherwise disposed of, directly or
indirectly, whether by operation of law or otherwise. The restrictions set forth
in this Section will terminate upon a Change of Control. </P>
<P align=justify>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Forfeiture
of Nonvested Shares</U></B>. Except as otherwise provided herein, if Grantee's
service with the Company ceases for any reason other than Grantee&#146;s (a) death,
(b) Disability, (c) Retirement, or (d) termination by the Company without Cause,
any Nonvested Shares will be forfeited to the Company, subject to the re-payment
by the Company at the lesser of (1) the original purchase price paid by the
Grantee pursuant to the Award Agreement or (2) the Shares&#146; Fair Market Value on
the date of repurchase. However, the Administrator may cause any Nonvested
Shares immediately to vest and become nonforfeitable in its sole discretion.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp; <U>Legend</U>. Each certificate evidencing Restricted
Shares granted pursuant to the Notice of Restricted Share Award may bear a
legend substantially as follows: </P>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p align="justify">&#147;THE SALE OR OTHER TRANSFER OF THE SHARES EVIDENCED BY THIS
          CERTIFICATE, WHETHER VOLUNTARY, INVOLUNTARY OR BY OPERATION OF LAW, IS SUBJECT
          TO CERTAIN RESTRICTIONS ON TRANSFER AS SET FORTH IN THE CHINA BAK BATTERY, INC.
          2015 EQUITY INCENTIVE PLAN AND IN A RESTRICTED SHARE AWARD AGREEMENT. A COPY OF
          SUCH PLAN AND SUCH AGREEMENT MAY BE OBTAINED FROM CHINA BAK BATTERY, INC.&#148; </p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Escrow of Nonvested Shares</U>. The Company
has the right to retain the certificates evidencing Nonvested Shares in the
Company&#146;s possession until such time as all restrictions applicable to such
Shares have been satisfied. </P>
<P align=center>3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Removal of Restrictions</U>. The Grantee is
entitled to have the legend removed from certificates evidencing Vested Shares.
</P>
<P align=justify>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<B><U>Recapitalizations, Exchanges, Mergers, Etc. </U></B>The provisions
of this Agreement apply to the full extent set forth herein with respect to any
and all shares of the Company or successor of the Company which may be issued in
respect of, in exchange for, or in substitution for the Restricted Shares by
reason of any share dividend, split, reverse split, combination,
recapitalization, reclassification, merger, consolidation or otherwise which
does not terminate this Agreement. Except as otherwise provided herein, this
Agreement is not intended to confer upon any other person except the parties
hereto any rights or remedies hereunder. </P>
<P align=justify>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Grantee
Representations</U></B>. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Grantee represents to the Company the following: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Acknowledgement of Terms</U>.
Grantee acknowledges that Grantee has received, read and understood the Plan and
the Agreement and agrees to abide by and be bound by their terms and conditions.
</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Restrictions on Transfer</U>.
If, at the time of grant of the Restricted Shares, there does not exist a
registration statement under the US Securities Act of 1933, as amended (the
&#147;<B><U>Act</U></B>&#148;), which registration statement shall have become effective
and is current with respect to the Restricted Shares, Grantee acknowledges that
the Restricted Shares to be issued to Grantee must be held indefinitely unless
subsequently registered and qualified under the Act, or unless an exemption from
registration and qualification is otherwise available. Grantee hereby covenants
and agrees with the Company that (i) Grantee is purchasing the Restricted Shares
for Grantee&#146;s own account and not with a view to the resale or distribution
thereof, (ii) at no time was Grantee presented with or solicited by any publicly
issued or circulated newspaper, mail, radio, television or other form of general
advertising or solicitation in connection with the offer, sale and issue of the
Restricted Shares, (iii) at the time Grantee was offered the Restricted Shares,
it was, and as of the date hereof it is, an Accredited Investor, as such term is
defined in Rule 501(a) of Regulation D promulgated under the Act, and has
initialed the category of Accredited Investor applicable to Grantee on the
Grantee Questionnaire presented to Grantee; provided, that if a Purchaser is not
a U.S. domestic Person, such Purchaser shall initial the category for foreign
persons on the Grantee Questionnaire. Grantee is not required to be registered
as a broker-dealer under Section 15 of the Securities Exchange Act of 1934, as
amended (the &#147;<B><U>Exchange Act</U></B>&#148;), and is not affiliated with any
broker-dealer registered under Section 15 of the Exchange Act; (iv) any
subsequent offer for sale or sale of any such Restricted Shares shall be made
either pursuant to either (x) a registration statement under that Act, which
registration statement shall have become effective and shall be current with
respect to the Restricted Shares being offered and sold, or (y) an exemption
from the registration statement requirements of that Act, including the
provisions of Regulation S promulgated under the Act (&#147;<B><U>Regulation
S</U></B>&#148;), provided that Grantee is not a U.S. person (as defined in
Regulation S) and is not acquiring the Restricted Shares for the account or
benefit of a U.S. person, will resell the Restricted Shares only in accordance
with the provisions of Regulation S and will not engage in any hedging
transactions with regard to the Restricted Shares unless in compliance with the
Act, but in claiming the exemption in (y), Grantee shall, prior to any offer for
sale or sale of such Restricted Shares, obtain a favorable written opinion from
counsel for or reasonably approved by the Company as to the applicability of
such exemption, and (iii) the certificate evidencing such Restricted Shares
shall bear an additional legend to the effect of the foregoing substantially as
follows: </P>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p align="justify">&#147;THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
          ACT OF 1933 (THE &#147;SECURITIES ACT&#148;) OR UNDER APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
          DISPOSED OF OTHER THAN IN COMPLIANCE WITH AN AVAILABLE EXEMPTION FROM THE
          REGISTRATION STATEMENT REQUIREMENTS OF THE SECURITIES ACT, INCLUDING THE
          PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, UNLESS
          REGISTERED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS,
          PROVIDED THAT THE SELLER DELIVERS TO THE COMPANY AN OPINION OF COUNSEL (WHICH
          OPINION IS REASONABLY SATISFACTORY TO THE COMPANY) CONFIRMING THE AVAILABILITY
          OF SUCH EXEMPTION. THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
          FIDE MARGIN ACCOUNT SECURED BY SUCH SECURITIES TO THE EXTENT PERMITTED BY
          APPLICABLE FEDERAL AND STATE SECURITIES LAWS.&#148; </p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<P align=center>4 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Grantee understands that the Restricted Shares are being offered and sold to it
in reliance upon specific exemptions from the registration requirements of
United States federal and state securities laws and that the Company is relying
upon the truth and accuracy of, and the Grantee&#146;s compliance with, the
representations, warranties, agreements, acknowledgments and understandings of
the Grantee set forth herein in order to determine the availability of such
exemptions and the eligibility of the Grantee to acquire the Restricted Shares.
All of the information which the Grantee has provided to the Company is true,
correct and complete as of the date this Agreement is signed.</P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Grantee further acknowledges that the Restricted Shares may be subject to such
restrictions, conditions or limitations as the Company determines appropriate as
to the timing and manner of any resales by Grantee or other subsequent transfers
by Grantee of any Restricted Shares, including without limitation (a)
restrictions under an insider trading policy, (b) restrictions designed to delay
and/or coordinate the timing and manner of sales by Grantee, and (c)
restrictions as to the use of a specified brokerage firm for such resales or
other transfers. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp; &nbsp;<U>Relationship to the Company; Experience</U>.
Grantee hereby acknowledges that Grantee is aware of the Company&#146;s business
affairs and financial condition and has acquired sufficient information about
the Company to reach an informed and knowledgeable decision to acquire the
Restricted Shares. Grantee hereby acknowledges and understands that the grant,
vest, or receipt of the Restricted Shares may be subject to and limited by the
Act, the Exchange Act (collectively, the &#147;<B><U>Securities Acts</U></B>&#148;), and
other rules and regulations. Should the Company fail to register any grant,
vest, or fail to issue the Restricted Shares to Grantee due to any restriction
or limitation under the Securities Acts or such other rules and regulations,
Grantee shall hold the Company, its Affiliates, or any of its or their officers
and directors free from any liability for any of the foregoing failure. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Grantee&#146;s Liquidity</U>. In reaching the
decision to invest in the Restricted Shares, Grantee has carefully evaluated
Grantee&#146;s financial resources and investment position and the risks associated
with this investment, and Grantee acknowledges that Grantee is able to bear the
economic risks of the investment. Grantee (i) has adequate means of providing
for Grantee&#146;s current needs and possible personal contingencies, (ii) has no
need for liquidity in Grantee&#146;s investment, (iii) is able to bear the
substantial economic risks of an investment in the Restricted Shares for an
indefinite period and (iv) at the present time, can afford a complete loss of
such investment. Grantee&#146;s commitment to investments which are not readily
marketable is not disproportionate to Grantee&#146;s net worth and Grantee&#146;s
investment in the Restricted Shares will not cause Grantee&#146;s overall commitment
to become excessive. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Access to Data</U>. Grantee acknowledges
that during the course of this transaction and before deciding to acquire the
Restricted Shares, Grantee has been provided with financial and other written
information about the Company. Grantee has been given the opportunity by the
Company to obtain any information and ask questions concerning the
Company, the Restricted Shares, and Grantee&#146;s investment that Grantee felt
necessary; and to the extent Grantee availed himself of that opportunity,
Grantee has received satisfactory information and answers concerning the
business and financial condition of the Company in response to all inquiries in
respect thereof. </P>
<P align=center>5 </P>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Risks</U>. Grantee acknowledges and
understands that (i) an investment in the Company constitutes a high risk, (ii)
the Restricted Shares are highly speculative, and (iii) there can be no
assurance as to what investment return, if any, there may be. Grantee is aware
that the Company may issue additional securities in the future which could
result in the dilution of Grantee&#146;s ownership interest in the Company. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Valid Agreement</U>. This Agreement when
executed and delivered by Grantee will constitute a valid and legally binding
obligation of Grantee which is enforceable in accordance with its terms. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(h)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<U>Residence</U>. The address set forth on the
Notice of Restricted Share Award is Grantee&#146;s current address and accurately
sets forth Grantee&#146;s place of residence. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp; <U>Tax Consequences</U>. Grantee has reviewed with
Grantee&#146;s own tax advisors the federal, state, local and foreign tax
consequences of this investment and the transactions contemplated by this
Agreement. Grantee is relying solely on such advisors and not on any statements
or representations of the Company or any of its agents. Grantee understands that
Grantee (and not the Company) is responsible for Grantee&#146;s own tax liability
that may arise as a result of the transactions contemplated by this Agreement.
Grantee understands that Section 83 of the U.S. Internal Revenue Code of 1986,
as amended (the &#147;<B><U>Code</U></B>&#148;), taxes as ordinary income the difference
between the purchase price for the Restricted Shares and the fair market value
of the Restricted Shares as of the date any restrictions on the Restricted
Shares lapse for U.S. Federal income tax purposes. Grantee understands that
Grantee may elect to be taxed at the time the Restricted Shares are granted
rather than when and as the restrictions lapse by filing an election under
Section 83(b) of the Code with the U.S. Internal Revenue Service within 30 days
from the date of grant. The form for making this election is attached as
<U>Exhibit A</U> hereto. </P>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p align="justify">GRANTEE ACKNOWLEDGES THAT IT IS GRANTEE&#146;S SOLE RESPONSIBILITY
          AND NOT THE COMPANY&#146;S TO FILE TIMELY ANY ELECTION UNDER SECTION 83(b), EVEN IF
          GRANTEE REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON
          GRANTEE&#146;S BEHALF. </p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(j)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;If Grantee is subject to the laws of the
People&#146;s Republic of China (the &#147;<B><U>PRC</U></B>&#148;), Grantee hereby
acknowledges that Grantee is aware of the relevant requirements under the laws
of the PRC regarding overseas investment, including the requirements for
approval and registration of overseas securities with competent authorities.
Grantee is acquiring the Restricted Shares after obtaining requisite approval or
registration from competent authorities of the PRC. Failure to obtain requisite
approval or registration shall relieve the Company, and any Affiliate, of any
liability in respect of the failure to issue the Restricted Shares. If the
failure is revealed or occurs after the issuance of the Restricted Shares, the
Company shall be entitled, at its sole discretion, to redeem or request Grantee
to transfer the Restricted Shares to a transferee who is legally entitled to
hold the Restricted Shares at a redemption price (if any) to be determined by
the Administrator in its sole discretion. The Company and its Affiliates shall
be relieved from any liability for any redemption or request for transfer made
pursuant to the foregoing. </P>
<P align=justify>7.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>No Employment Contract
Created</U></B>. The issuance of the Restricted Shares is not to be construed as
granting to Grantee any right with respect to continuance of employment or any
service with the Company or any of its Affiliates. The right of the Company or
any of its Affiliates to terminate at will Grantee's employment or terminate Grantee&#146;s service at any time
(whether by dismissal, discharge or otherwise), with or without cause, is
specifically reserved, subject to any other written employment or other
agreement to which the Company and Grantee may be a party. </P>
<P align=center>6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A>
<P align=justify>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>Tax
Withholding</U></B>. The Company has the power and the right to deduct or
withhold, or require Grantee to remit to the Company, an amount sufficient to
satisfy national, federal, state, provincial and local taxes (including income
and employment taxes) required by Applicable Laws to be withheld with respect to
the grant and vesting of the Restricted Shares. </P>
<P align=justify>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><U>Interpretation</U></B>. The Restricted Shares are being issued pursuant to
the terms of the Plan, and are to be interpreted in accordance therewith. The
Administrator will interpret and construe this Agreement and the Plan, and any
action, decision, interpretation or determination made in good faith by the
Administrator will be final and binding on the Company and Grantee. </P>
<P align=justify>10.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>Notices</U></B><B>.
</B>All notices or other communications which are required or permitted
hereunder will be in writing and sufficient if (i) personally delivered or sent
by telecopy, (ii) sent by nationally-recognized overnight courier or (iii) sent
by registered or certified mail, postage prepaid, return receipt requested,
addressed as follows: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if to Grantee, to the address (or telecopy
number) set forth on the Notice of Restricted Share Award; and </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if to the Company, to its principal executive
office as specified in any report filed by the Company with the Securities and
Exchange Commission or to such address as the Company may have specified to
Grantee in writing, Attention: Corporate Secretary; </P>
<P align=justify>or to such other address as the party to whom notice is to be
given may have furnished to the other party in writing in accordance herewith.
Any such communication will be deemed to have been given (i) when delivered, if
personally delivered, or when telecopied, if telecopied with confirmation of
transmission by the transmission equipment, (ii) on the first Business Day (as
hereinafter defined) after dispatch, if sent by nationally-recognized overnight
courier and (iii) on the fifth Business Day following the date on which the
piece of mail containing such communication is posted, if sent by mail. As used
herein, &#147;<B><U>Business</U></B><B> </B><B><U>Day</U></B>&#148; means a day that is
not a Saturday, Sunday or a day on which banking institutions in the city to
which the notice or communication is to be sent are not required to be open.
</P>
<P align=justify>11.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>Specific
Performance</U></B>. Grantee expressly agrees that the Company will be
irreparably damaged if the provisions of this Agreement and the Plan are not
specifically enforced. Upon a breach or threatened breach of the terms,
covenants and/or conditions of this Agreement or the Plan by Grantee, the
Company will, in addition to all other remedies, be entitled to a temporary or
permanent injunction, without showing any actual damage, and/or decree for
specific performance, in accordance with the provisions hereof and thereof. The
Administrator has the power to determine what constitutes a breach or threatened
breach of this Agreement or the Plan. Any such determinations will be final and
conclusive and binding upon Grantee. </P>
<P align=justify>12.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>No Waiver</U></B><B>.
</B>No waiver of any breach or condition of this Agreement will be deemed to be
a waiver of any other or subsequent breach or condition, whether of like or
different nature. </P>
<P align=justify>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Grantee
Undertaking</U></B><B>. </B>Grantee hereby agrees to take whatever additional
actions and execute whatever additional documents the Company may in its
reasonable judgment deem necessary or advisable in order to carry out or effect
one or more of the obligations or restrictions imposed on Grantee pursuant to
the express provisions of this Agreement. </P>
<P align=center>7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_8></A>
<P align=justify>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Modification of
Rights</U></B><B>.</B> The rights of Grantee are subject to modification and
termination in certain events as provided in this Agreement and the Plan. </P>
<P align=justify>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Governing
Law</U></B><B>. </B>This Agreement is governed by, and construed in accordance
with, the laws of the State of Nevada, without regard to the principles of
conflicts of law thereof.</P>
<P align=justify>16.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<B><U>Counterparts; Facsimile
Execution</U></B><B>.</B> This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original, but all of which
together will constitute one and the same instrument. Facsimile execution and
delivery of this Agreement or electronic transmission of signatures in portable
document format (pdf) is legal, valid and binding execution and delivery for all
purposes. </P>
<P align=justify>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>Entire
Agreement</U></B><B>. </B>This Agreement (including the Notice of Restricted
Share Award) and the Plan, constitute the entire agreement between the parties
with respect to the subject matter hereof, and supersede all previously written
or oral negotiations, commitments, representations and agreements with respect
thereto. </P>
<P align=justify>18.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<B><U>Severability</U></B><B>.</B> In the event one or more of the
provisions of this Agreement should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability will not affect any other provisions of this Agreement, and
this Agreement will be construed as if such invalid, illegal or unenforceable
provision had never been contained herein. </P>
<P align=justify>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B><U>WAIVER OF JURY
TRIAL</U></B><B>.</B> GRANTEE HEREBY EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY
WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. </P>
<P align=center>[<I>Signature Page Follows</I>] </P>
<P align=center>8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_9></A>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>IN WITNESS WHEREOF</STRONG>, the parties hereto have executed this
Restricted Share Award Agreement as of the date first written above. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">CHINA BAK BATTERY, INC. </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By: <U>/s/ Xiangqian
      Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </U></TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: Xiangqian Li </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Title: Chief Executive Officer </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">GRANTEE: </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%"><U>/s/ Yunfei
      Li&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</U></TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: Yunfei Li </TD></TR></TABLE>
<P align=center>9 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_10></A>
<P align=center><B>SPOUSE'S CONSENT TO AGREEMENT </B><BR><B>(Required where
Grantee resides in a community property jurisdiction) </B><BR></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
I acknowledge that I have read the Agreement and the Plan and that I know and
understand the contents of both. I am aware that my spouse has agreed therein to
the imposition of certain forfeiture provisions and restrictions on
transferability with respect to the Restricted Shares that are the subject of
the Agreement, including with respect to my community interest therein, if any,
on the occurrence of certain events described in the Agreement. I hereby consent
to and approve of the provisions of the Agreement, and agree that I will abide
by the Agreement and bequeath any interest in the Restricted Shares which
represents a community interest of mine to my spouse or to a trust subject to my
spouse's control or for my spouse's benefit or the benefit of our children if I
predecease my spouse. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >Dated:_____________________________</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Signature </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Print Name </TD></TR></TABLE>
<P align=center>10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_11></A>
<P align=center><B>Exhibit A </B></P>
<P align=center><B>ELECTION UNDER SECTION 83(b) </B><BR><B>OF THE INTERNAL
REVENUE CODE OF 1986</B> <BR></P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned taxpayer hereby elects, pursuant to Sections 55 and 83(b) of the
Internal Revenue Code of 1986, as amended, to include in taxpayer&#146;s gross income
or alternative minimum taxable income, as the case may be, for the current
taxable year the amount of any compensation taxable to taxpayer in connection
with taxpayer&#146;s receipt of the property described below. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The name, address, taxpayer
identification number and taxable year of the undersigned are as follows: </P>
<DIV align=right>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="33%">TAXPAYER</TD>
    <TD align=left width="33%">SPOUSE: </TD></TR>
  <TR vAlign=top>
    <TD align=left>NAME: </TD>
    <TD align=left width="33%">&nbsp;</TD>
    <TD align=left width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>ADDRESS: </TD>
    <TD align=left width="33%">&nbsp;</TD>
    <TD align=left width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>IDENTIFICATION NO.: </TD>
    <TD align=left width="33%">&nbsp;</TD>
    <TD align=left width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>TAXABLE YEAR: </TD>
    <TD align=left width="33%">&nbsp;</TD>
    <TD align=left width="33%">&nbsp; </TD></TR></TABLE></DIV>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;The property with respect to which
the election is made is described as follows: ____ shares of common stock (the
&#147;<B><I><U>Shares</U></I></B>&#148;) of China BAK Battery, Inc. (the
&#147;<B><I><U>Company</U></I></B>&#148;). </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>The date on which the property was transferred
      is:___________________, ______ .</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>The property is subject to the following
    restrictions:</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>The Shares may not be transferred and are subject to
      forfeiture under the terms of an agreement between the taxpayer and the
      Company. These restrictions lapse upon the satisfaction of certain
      conditions contained in such agreement.</P></TD></TR></TABLE>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;The fair market value at the time
of transfer, determined without regard to any restriction other than a
restriction which by its terms will never lapse, of such property is:
US$_________________. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned has submitted a copy of this statement to the person for whom
the services were performed in connection with the undersigned&#146;s receipt of the
above-described property. The transferee of such property is the person
performing the services in connection with the transfer of said property. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>The undersigned understands that the foregoing election may not be revoked
except with the</U> <U>consent of the Commissioner</U>. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>Dated: ______________________, ______________</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="50%">Taxpayer </TD></TR></TABLE>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned spouse of taxpayer joins in this election. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>Dated: ______________________, ______________</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="50%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="50%">Spouse of Taxpayer </TD></TR></TABLE>
<P align=center>11</P>
<HR align=center width="100%" color=black noShade SIZE=5>
</P>
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