EX-99.8 13 exhibit99-8.htm EXHIBIT 99.8

China BAK Battery, Inc.: Exhibit 99.8 - Filed by newsfilecorp.com

Exhibit 99.8

Summary of Mortgage Contract of Maximum Amount ( the “Contract”) Entered into
by and between Shenzhen BAK Battery, Co., Ltd (the “Mortgager”) and Shenzhen
Longgang Branch, Bank of China (the “Creditor”) on March 8^th, 2010

Main contents:

• Contract number: 2010 Zhenzhongyin Gang Edi 000119;
• 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.: 2010Zhenzhongyin Gang Exiezi 000119) from March 4, 2010 to March 4, 2011, the Mortgager agrees to pledge its property to the Creditor.
• 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.
• Collaterals: The Mortgager agrees to pledge its machineries and equipments to the Creditor.

Headlines of the articles omitted:

• Payment on demand
• Validity of the Creditor’s Right
• Occupancy of Collaterals
• Mortgage Registration
• Settlement of reduced-value Collaterals
• Interest generated
• Collaterals insurance
• Realizing of Creditor’s Right
• Declaration and undertaking of the Mortgager
• Breach of Contract and settlement
• Modification, Amendment and Termination of Contract
• Fee
• Effectiveness and Disputation settlement
• Attachment
• Supplement articles