Repayment Deferral Agreement between Yingtao Miao and Pingdingshan Hengji Concrete Co., Ltd. dated June 30, 2013
This agreement is between Yingtao Miao and Pingdingshan Hengji Concrete Co., Ltd. Yingtao Miao agrees not to require repayment of any amounts owed by the company before or after the agreement's signing, up to December 31, 2015. After that date, the company must repay the amounts as requested by Yingtao Miao. The agreement is effective from June 30, 2013, and each party holds a signed copy.
Exhibit 10.24(a)
Agreement
Party A: Yingtao Miao
Party B: Pingdingshan Hengji Concrete Co., Ltd.
Party A and Party B agree as follows through negotiation:
1. Prior to December 31, 2015, Party A shall not require Party B to repay any amount owed to Party A prior to the execution of this agreement, or amount owing to Party A from the execution of this agreement to December 31, 2015;
2. After December 31, 2015, Party B shall repay as required by Party A.
This agreement shall be in two duplicates, and each of Party A and Party B shall hold one duplicate.
| Party A: (signature) | Party B: (signature/stamp) |
/s/ Yingtao Miao |
[Stamp] |
| June 30, 2013 | June 30, 2013 |
