Acknowledgment and Deferred Repayment Agreement between Allied Moral Holdings Limited and Clear Honest International Co., Ltd.
Summary
Allied Moral Holdings Limited confirms that it owes Clear Honest International Co., Ltd. RMB 846,663.72 as of December 31, 2007. Allied Moral requests permission to delay repayment due to company development needs and commits to repay the full amount within three months after receiving an official payment demand from Clear Honest. This agreement outlines the debt acknowledgment and the conditions for repayment timing.
EX-10.14 11 v117608_ex10-14.htm
Exhibit 10.14
Clear Honest International Co., Ltd.,
After the bilateral verifying by you and our company, it is confirmed that we owe you RMB 846,663.72 yuan as of Dec.31, 2007.
Due to the requirement of our company’s development, we ask for your permission that we delay the repayment.
We commit that we will repay the total balance amount owned within three months after we receive your official payment demand.
Your kindness and support are highly appreciated.
Sincerely yours,
Allied Moral Holdings Limited
January 5, 2008
