Guaranty Agreement between Changzhou Suochuan Electrical and Mechanical Co., Ltd, Jiangsu Wujin Rural Commercial Bank, and Changzhou City Wujin Best Electronic Cables Co., Ltd.

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Summary

This agreement is a guaranty contract for a loan of RMB 1,000,000 provided by Jiangsu Wujin Rural Commercial Bank to Changzhou Suochuan Electrical and Mechanical Co., Ltd. The loan is guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. The guaranty is valid for two years, from August 11, 2011 to August 10, 2013. The contract outlines the obligations of the guarantor, pre-maturity covenants, dispute resolution procedures, and acknowledgments of validity by the guarantors.

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EX-10.44 20 exhibit10-44.htm EXHIBIT 10.44 China Green Energy Industries, Inc.: Exhibit 10.44 - Filed by newsfilecorp.com

Exhibit 10.44

Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 1,000,000, with a term of 2 years from August 11, 2011 to August 10 ,2013, between Changzhou Suochuan Electrical and Mechanical Co., Ltd, and Jiangsu Wujin Rural Commercial Bank, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd.