Guaranty Agreement between Changzhou Chuanghua Plastics Co., Ltd and Jiangsu Wujin Rural Commercial Bank, Guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd and Shi Jun

Contract Categories: Business Finance › Guaranty Agreements
Summary

This agreement outlines a guaranty for a loan of RMB 5,000,000 provided by Jiangsu Wujin Rural Commercial Bank to Changzhou Chuanghua Plastics Co., Ltd. The guarantors, Changzhou City Wujin Best Electronic Cables Co., Ltd and Shi Jun, agree to be responsible for the debt if the borrower defaults. The guaranty is valid for two years, from June 14, 2011 to June 13, 2013. The contract also includes terms on obligations before maturity, dispute resolution, and acknowledgments of validity by the guarantors.

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EX-10.47 23 exhibit10-47.htm EXHIBIT 10.47 China Green Energy Industries, Inc.: Exhibit 10.47 - Filed by newsfilecorp.com

Exhibit 10.47

Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 5,000,000, with a term of 2 years from June 14, 2011 to June 13, 2013, between Changzhou Chuanghua Plastics Co., Ltd, and Jiangsu Wujin Rural Commercial Bank, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd and Shi Jun.