Repayment Deferral Agreement between Lei Zhu and Pingdingshan Hengji Concrete Co., Ltd. dated December 31, 2014
Lei Zhu and Pingdingshan Hengji Concrete 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, repayment will be made as requested by Lei Zhu. Each party holds a signed copy of the agreement. This arrangement temporarily suspends repayment obligations until the specified date.
Exhibit 10.27(b)
Agreement
Party A: Lei Zhu
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/ Lei Zhu |
[Stamp] |
| June 30, 2013 | June 30, 2013 |
