Dividend Payment Deferral Agreement between Yulong Zhu and Henan Jianyida Industrial Co., Ltd. dated December 31, 2014
This agreement is between Yulong Zhu and Henan Jianyida Industrial Co., Ltd. Yulong Zhu agrees not to require Henan Jianyida to pay a previously declared dividend of RMB 21,152,505.58 until after December 31, 2016. After that date, Henan Jianyida must pay the dividend upon Yulong Zhu's request. Each party holds a signed copy of the agreement.
Exhibit 10.28(b)
Agreement
Party A: Yulong 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 21.152,505.58;
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/ Yulong Zhu |
[Stamp] |
| December 31, 2014 | December 31, 2014 |
