EX-99.2 12 exhibit99-2.htm EXHIBIT 99.2 China BAK Battery, Inc.: Exhibit 99.2 - Filed by newsfilecorp.com

Exhibit 99.2

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 24, 2013

Main contents:

  • Contract number: 2012 Zhenzhongyin Gang Edizi 000527-2;
  • 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) and the loans agreement and supplemental agreement to be signed, the Mortgager agrees to pledge its properties as follows to the Creditor.
Mortgage Area
(Square
Meter) 		Land use right No. Location
Industrial land 38847.35 Shen Property No. 6000310696 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 1# Office Building 17077.39 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 3# Factory 15998.93 Shen Property No. 6000310696 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 4# Factory 29424.99 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 5# Factory 16420.99 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 6# Factory 41518.34 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 7# Factory 15268.14 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 8# Factory 19018.42 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 9a# Dormitory and Dinning Hall 7675.25 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 10a# Dormitory and Dinning Hall 2400.52 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 11# Dormitory 9694.91 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 12# Dormitory 9672.54 Shen Property No. 6000483472 Kuichong Town, Longgang District
BAK Industrial Park (First Phase) 23# Sports Club 2869.31 Shen Property No. 6000483472 Kuichong Town, Longgang District

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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 fee, lawyer’s fee, etc., which is incurred to the Creditor in realizing its creditor’s right.

• 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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