Guaranty Agreement between Changzhou Chuanghua Plastics Co., Ltd, Agricultural Bank of China (Wujin Branch), and Changzhou City Wujin Best Electronic Cables Co., Ltd. (RMB 16,500,000)

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Summary

This agreement is a guaranty contract for a loan of RMB 16,500,000 provided by the Wujin Branch of the Agricultural Bank of China to Changzhou Chuanghua Plastics Co., Ltd. The loan is guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. The contract covers the period from May 17, 2011, to May 16, 2013. The guarantor agrees to fulfill the borrower's obligations if the borrower defaults. The agreement also includes covenants, dispute resolution terms, and acknowledgments of validity by the guarantor.

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EX-10.49 25 exhibit10-49.htm EXHIBIT 10.49 China Green Energy Industries, Inc.: Exhibit 10.49 - Filed by newsfilecorp.com

Exhibit 10.49

Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 16,500,000, with a term from May 17, 2011 to May 16, 2013, between Changzhou Chuanghua Plastics Co., Ltd, and Wujin Branch, Agricultural Bank of China, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd.