Dividend Payment Deferral Agreement between Hu Zhu and Henan Jianyida Industrial Co., Ltd. dated December 31, 2014
This agreement is between Hu Zhu and Henan Jianyida Industrial Co., Ltd. It states that Hu Zhu will not require Henan Jianyida to pay a previously declared dividend of RMB 13,514,448.00 before December 31, 2016. After that date, Henan Jianyida must pay the dividend if requested by Hu Zhu. Each party keeps a signed copy of the agreement.
Exhibit 10.26(b)
Agreement
Party A: Hu Zhu
Party B: Henan Jianyida Industrial 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 13,514,448.00;
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/ Hu Zhu |
[Stamp] |
| December 31, 2014 | December 31, 2014 |
