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