Guaranty Agreement for RMB 16,500,000 Loan between Jiangsu Fengshun Packaging & Container Co., Ltd. and Agricultural Bank of China, Guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd.

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Summary

This agreement outlines a guaranty for a loan of RMB 16,500,000 provided by the Wujin Branch of the Agricultural Bank of China to Jiangsu Fengshun Packaging & Container Co., Ltd. The loan is guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd. The contract covers the obligations of the guarantor, pre-maturity covenants, dispute resolution, and validity acknowledgments. The term of the guaranty is from January 18, 2011, to December 31, 2012.

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EX-10.50 26 exhibit10-50.htm EXHIBIT 10.50 China Green Energy Industries, Inc.: Exhibit 10.50 - Filed by newsfilecorp.com

Exhibit 10.50

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 January 18, 2011 to December 31, 2012, between Jiangsu Fengshun Packaging&Container Co., Ltd, and Wujin Branch, Agricultural Bank of China, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd.