Repayment Deferral Agreement between Lei Zhu and Pingdingshan Hengji Industrial Co., Ltd. dated June 30, 2013
Lei Zhu and Pingdingshan Hengji Industrial Co., Ltd. have agreed that the company will not be required to repay any debts owed to Lei Zhu before December 31, 2015. After that date, the company must repay the debts as requested by Lei Zhu. The agreement is effective from June 30, 2013, and each party holds a signed copy.
Exhibit 10.27(a)
Agreement
Party A: Lei Zhu
Party B: Pingdingshan Hengji Industrial 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/ Lei Zhu |
[Stamp] |
| June 30, 2013 | June 30, 2013 |
