Contract
Summary of Mortgage Contract
of Maximum Amount ( the “Contract”) Entered into by and between Shenzhen BAK
Battery, Co., Ltd (the “Mortgager”) and Shenzhen Branch, Bank of China (the
“Creditor”) on March 4th, 2009
Main
contents:
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Contract
number: 2009Zhenzhongyinsi Diezi
0011;
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In
order to guarantee the indebtedness of Shenzhen BAK Battery Co., Ltd.
(the “Obligor”) towards the Creditor under the Comprehensive Credit
Facility Agreement of Maximum Amount (reference no.: 2009Zhenzhongyin
Exiezi 000024) from March 4th, 2009 to February 3rd, 2010, the
Mortgager agrees to pledge its property to the
Creditor.
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Scope of Guaranty: The
guaranty shall cover all of the loan principal, interest, penalty
interest, breach of contract compensation, damages, undertaking fee and
all the expenses such as litigation cost, lawyer’s fee, notification cost
and public notice cost etc. which is incurred to the Creditor in realizing
its creditor’s right.
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Collaterals: The
Mortgager agrees to pledge its machineries and equipments to the
Creditor.
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Headlines of the articles
omitted:
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Termination
and explanation
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Payment
on demand
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Undertakings
of the Mortgager
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Validity
of the Creditor’s Right
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Occupancy
of Collaterals
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Mortgage
Registration
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Realizing
of Creditor’s Right
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Declaration
and guaranty of the Mortgager
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Amendment
of the Contract
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Effectiveness
and Disputation settlement
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Attachment
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Supplement
articles
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