EX-99.8 12 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 July 3, 2012

Main contents:

• Contract number: 2012 Zhenzhongyin Gang Dixiezi 000527;
• In order to guarantee the indebtedness of RMB 400 million for Shenzhen BAK Battery Co., Ltd. (the “Obligor”) towards the Creditor under the Comprehensive Credit Facility Agreement of Maximum Amount (reference no.: 2012 Zhenzhongyin Gang Exiezi 000527) from July 3, 2012 to July 3, 2013, 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 equipments with an aggregate value of RMB 150 million to the Creditor.

Headlines of the articles omitted:

• Payment on demand
• Undertakings of the Mortgager
• Validity of the Creditor’s Right
• Occupancy of Collaterals
• Insurance of Collaterals
• Mortgage Registration
• Instances of Breach of Contract and its Liabilities
• Declaration and guaranty of the Mortgager
• Amendment of the Contract
• Effectiveness and Disputation settlement

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