Amendment to Loan Agreement between Anhui Renrenjia Solar Energy Co., Ltd. and Anhui Haishuai Electronic Manufacture Co., Ltd.
Anhui Renrenjia Solar Energy Co., Ltd. and Anhui Haishuai Electronic Manufacture Co., Ltd. have amended their previous loan agreement for ¥13,500,000. Under this amendment, both parties agree to support each other with cash loans and waive all interest on these loans. The amendment is valid for one year and will automatically extend for another year unless either party decides not to renew. The agreement will terminate on November 30, 2015, if not renewed by both parties.
Exhibit 10.16
Amendment Agreement
Party A: Anhui Renrenjia Solar Energy Co., Ltd.
Party B: Anhui Haishuai Electronic Manufacture Co., Ltd.
In regarding to the ￥13,500,000 loan agreement signed by both parties on Jan 01, 2012, both parties signed the following amendment agreement in Nov 30, 2012.
| 1. | Both parties are willing to support each other with cash loans. |
| 2. | The interests of all the loans between Party A and Party B shall be waived. |
| 3. | The term of this amendment is one year. By the end of the term, agreed by both parties, this amendment agreement shall extend for one year. This amendment agreement shall be terminated on Nov 30, 2015 if both parties discontinue to sign this agreement. |
Party A: Anhui Renrenjia Solar Energy Co., Ltd.
Signature:
Nov 30, 2012
Party B: Anhui Haishuai Electronic Manufacture Co., Ltd.
Signature:
Nov 30, 2012
