Extension Agreement for Cash Payment under Stock Exchange Agreement between SolarMax Technology, Inc. and Ching Liu
This agreement is between SolarMax Technology, Inc. and Ching Liu. It confirms that the deadline for a $500,000 cash payment owed to Ching Liu, as part of a previous stock exchange agreement, has been extended from December 15, 2019, to March 31, 2020. All other terms of the original agreement remain unchanged.
EXHIBIT 10.84
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 1,680,000 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 1,779,960 shares of Common Stock and (ii) a cash payment of $500,000, 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: Ching Liu |
