Guaranty Agreement between Changzhou Kaikai Lighting Co., Ltd. and Jiangsu Wujin Rural Commercial Bank, Guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd., YaoQin, and WangKai
This agreement is a guaranty contract for RMB 3,700,000 between Changzhou Kaikai Lighting Co., Ltd. and Jiangsu Wujin Rural Commercial Bank, effective from January 11, 2012, to January 10, 2014. Changzhou City Wujin Best Electronic Cables Co., Ltd., YaoQin, and WangKai act as guarantors, agreeing to cover the obligations if the borrower defaults. The contract outlines the responsibilities of all parties, includes pre-maturity covenants, and specifies dispute resolution procedures.
Exhibit 10.52
Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 3,7000,000, with a term of 2 years from January 11,2012 to January 10,2014, between Changzhou Kaikai Lighting Co., Ltd, and Jiangsu Wujin Rural Commercial Bank, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd., YaoQin, and WangKai.