Dividend Payment Deferral Agreement between Yingtao Miao and Pingdingshan Hengji Concrete Co., Ltd. dated December 31, 2014
This agreement is between Yingtao Miao and Pingdingshan Hengji Concrete Co., Ltd. It states that Yingtao Miao will not require payment of a previously declared dividend of RMB 3,330,758.63 from the company until after December 31, 2016. After that date, the company must pay the dividend upon request. The agreement is effective as of December 31, 2014, and each party holds a signed copy.
Exhibit 10.24(b)
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, 2016, Party A shall not require Party B to pay any of the dividend declared by Party B prior to the execution of this agreement in the amount of RMB 3,330,758.63;
2. After December 31, 2016, Party B shall pay 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] |
| December 31, 2014 | December 31, 2014 |
