Summary of Mortgage Contract of Maximum Amount ( the “Contract”) Entered into by and between Shenzhen BAK Battery, Co., Ltd (the “Mortgager”) and Shenzhen Eastern Branch, Agricultural Bank of China (the “Creditor”) Dated February 29, 2012 Main contents:Mortgage Contract • May 10th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
• 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.: 810012011102370001) from February 29, 2012 to November 24, 2012, the Mortgager agrees to pledge its property to the Creditor.
Comprehensive Credit Facility Agreement of Maximum Amount (“Credit Facility Agreement”) Entered into by and between Shenzhen BAK Battery Co., Ltd (“the Company”) and Shenzhen Nanshan Branch, China Everbright Bank (the “Creditor”) Dated November 11,...Credit Facility Agreement • May 10th, 2012 • China Bak Battery Inc • Miscellaneous electrical machinery, equipment & supplies
• Maximum amount of credit facilities to be provided: RMB 80 million, including RMB 40 million for bank acceptance and RMB 40 million for discount on notes;
