Letter agreement from David Hsu dated December 18, 2019 to extend the cash payment due on the exchange of shares of restricted stock 2
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EX-10.83 12 solarmax_ex1083.htm EX-10.83 solarmax_ex1083.htm
EXHIBIT 10.83
December 18, 2019
SolarMax Technology, Inc.
3080 12th Street
Riverside, California 92507
Ladies and Gentlemen:
Reference is made to the agreement dated March 27, 2019, pursuant to which I exchanged 2,268,000 shares of common stock, par value $0.001 per share (“Common Stock”), of SolarMax Technology, Inc., a Nevada corporation (the “Company”) represented by a Stock Grant for (i) an option to purchase 2,402,946 shares of Common Stock and (ii) a cash payment of $675,000, which was to have been paid by December 15, 2019. This letter will confirm my prior advice to you that I agree that the date by which the cash payment is to be made to me has been extended to March 31, 2020.
Very truly yours, | ||
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| Name: David Hsu |
