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 2,000,000 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 guaranty is valid for two years, from March 19, 2012, to March 18, 2014. The contract outlines the obligations of the guarantors, pre-maturity covenants, dispute resolution procedures, and acknowledgments of validity by the guarantors.

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EX-10.53 29 exhibit10-53.htm EXHIBIT 10.53 China Green Energy Industries, Inc.: Exhibit 10.53 - Filed by newsfilecorp.com

Exhibit 10.53

Guaranty Obligations Pre-maturity Covenants between the Parties Dispute Resolution Validity Acknowledgments by the Guarantors Summary of Guaranty Contract of RMB 2,000,000, with a term of 2 years from March 19,2012 to March 18,2014, between Changzhou Lijia Industrial Co., Ltd, and Jiangsu Wujin Rural Commercial Bank, guaranteed by Changzhou City Wujin Best Electronic Cables Co., Ltd., and WangYong.