Guaranty Agreement between Changzhou Lijia Industrial Co., Ltd. and Jiangsu Wujin Rural Commercial Bank, Guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. and Wang Yong

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Summary

This agreement is a guaranty contract for a loan of RMB 2,200,000 provided by Jiangsu Wujin Rural Commercial Bank to Changzhou Lijia Industrial Co., Ltd. The loan is guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. and Wang Yong. The guarantors agree to fulfill the borrower's obligations if the borrower defaults. The contract is valid for two years, from April 7, 2011, to April 6, 2013, and includes terms on dispute resolution and acknowledgment of the guaranty by the guarantors.

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EX-10.48 24 exhibit10-48.htm EXHIBIT 10.48 China Green Energy Industries, Inc.: Exhibit 10.48 - Filed by newsfilecorp.com

Exhibit 10.48

Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 2,200,000, with a term of 2 years from April 7, 2011 to April 6, 2013, between Changzhou Lijia Industrial Co., Ltd, and Jiangsu Wujin Rural Commercial Bank, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. and Wang Yong.