Pledge Contract of Maximum Amount
No. Shen Shangyin (Shuibei) Shouxin Zhi Zi (2006) A110020600008
Pledger: Shenzhen BAK Battery Co., Ltd
Address: BAK Industry Zone, Kuichong, Longgang, Shenzhen
Creditor: Shuibei Branch, Shenzhen Commercial Bank
Address: No. 2028, Wenjin Bei Rd, Shenzhen
The Creditor and the Pledger have reached the following agreement in accordance with the Guarantee Law of People’s Republic
of China and other relevant laws and regulations:
Article I. Pledge
Creditor. Once the indebtedness under the Master Agreement has been settled, the guaranty of pledge shall be
automatically terminated and the Creditor shall return the aforesaid Pledged Collateral, accessory of the Pledged Collateral
and relevant original certificates of the Pledged Collateral to the Pledger.
Article II. Delivery of the Pledged Collateral
Article III. Insurance
1.1 Shenzhen BAK Battery Co., Ltd. and Shuibei Division, Shenzhen Commercial Bank have entered into the Comprehensive
Credit Facilities Agreement (reference no: Shen Shangyin (Shuibei) Shouxin Zi (2006) A110020600008, hereinafter referred
to as “Master Agreement”). As requested by the Creditor, the Pledger undertakes to provide certificate of fixed deposit as
pledge (hereinafter referred to as “Pledged Collateral”) for the indebtedness of the Pledger under the Master Agreement.
The details of the Pledged Collateral are described in the attached “Statement of Pledged Collateral” and relevant
certificate, which are integral parts to this Contract.
The co-owner (if any) agrees to provide the aforesaid guaranty for the indebtedness of the Pledger under the Master
1.2 The pledge shall cover all of the loan principal, interest, penalty interest, compound interest, breach of contract
compensation, damages, undertaking fee and all the expenses such as litigation/arbitration cost, lawyer’s fee, travel cost
etc. which is incurred to the Creditor in