Dividend Payment Deferral Agreement between Guangjian Zhu and Pingdingshan Hengji Concrete Co., Ltd. dated December 31, 2014
This agreement is between Guangjian Zhu and Pingdingshan Hengji Concrete Co., Ltd. It states that Guangjian Zhu will not require the company to pay him any dividends declared before the agreement date, totaling RMB 10,836,284.52, until after December 31, 2016. After that date, the company must pay the dividends upon his request. Each party keeps a signed copy of the agreement.
Exhibit 10.25(b)
Agreement
Party A: Guangjian Zhu
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 10,836,284.52;
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/ Guangjian Zhu |
[Stamp] |
| December 31, 2014 | December 31, 2014 |
