Promissory Note Agreement between Drawer and Taishin Bank (NTD 100 Million and USD 1 Million)

Contract Categories: Business Finance › Note Agreements
Summary

This agreement is a promissory note in which the drawer promises to pay Taishin Bank, or its designated person, a total of NTD 100 million and USD 1 million. The bank is authorized to fill in the maturity date. Interest is calculated based on Taishin Bank's basic lending rate plus an additional rate, which may change over time. If payment is delayed, additional penalties apply. The agreement also exempts the bank from certain notification and protest obligations under the Law of Negotiable Instruments. The note is dated July 23, 2019.

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EX-10.14 5 aaoi-20190630ex10144a251.htm EX-10.14 aaoi_Ex10_14

Exhibit 10.14

 

Promissory Note

With this note, a total of  NTD 100 million

 

shall be paid unconditionally to             or his/her designated person on                        (Date)

 

And the related covenants are as follows:

Drawer:

1.

This promissory note authorizes Taishin Bank to fill the maturity date, and exempts it from the obligations of issuing a Certificate of Protest and the notification obligation set out under Article 89 of the Law of Negotiable Instruments

 

Address:

2.

The interest rate of this promissory note shall be calculated as follows from the issuing date of this note:

Drawer

 

☐  The basic lending rate of Taishin Bank and the additional annual percentage rate of Interests are counted flexibly.

(If there are any changes or adjustments in the above-mentioned basic lending rate or the additional rate, the interests shall be counted based on the changed or adjusted rate.)

Address:

 

☐  Others:

Drawer

 

If the payment for the principal and interests mentioned above is delayed,

Address:

 

 

for those delayed part with the overdue time less than six months, liquidated damages shall also be paid with, at 10% of the previously agreed interest rate; for those delayed part with the overdue time more than six months, the liquidated damages shall be paid with, at 20% of the previously agreed interest rate.

Drawer

 

3.

 

Place of payment:

 

Address:

 

Date:  July 23, 2019

Endorsee

 

Endorser

 

Endorser's address

 

Endorsement date

 

Note:

 

The endorser agrees that this promissory note authorizes Taishin Bank to fill the maturity date and exempts it from the obligations of issuing a Certificate of Protest and the notification obligation set out under Article 89 of the Law of Negotiable Instruments

Promissory Note

With this note, a total of  USD 1 million

 

shall be paid unconditionally to             or his/her designated person on                        (Date)

 

And the related covenants are as follows:

Drawer:

1.

This promissory note authorizes Taishin Bank to fill the maturity date, and exempts it from the obligations of issuing a Certificate of Protest and the notification obligation set out under Article 89 of the Law of Negotiable Instruments

 

Address:

2.

The interest rate of this promissory note shall be calculated as follows from the issuing date of this note:

Drawer

 

☐  The basic lending rate of Taishin Bank and the additional annual percentage rate of Interests are counted flexibly.

(If there are any changes or adjustments in the above-mentioned basic lending rate or the additional rate, the interests shall be counted based on the changed or adjusted rate.)

Address:

 

☐  Others:

Drawer

 

If the payment for the principal and interests mentioned above is delayed,

Address:

 

for those delayed part with the overdue time less than six months, liquidated damages shall also be paid with, at 10% of the previously agreed interest rate; for those delayed part with the overdue time more than six months, the liquidated damages shall be paid with, at 20% of the previously agreed interest rate.

Drawer

 

3.

 

Place of payment:

Address:

 

Date:  July 23, 2019

Endorsee

 

Endorser

 

Endorser's address

 

Endorsement date

 

Note:

 

The endorser agrees that this promissory note authorizes Taishin Bank to fill the maturity date and exempts it from the obligations of issuing a Certificate of Protest and the notification obligation set out under Article 89 of the Law of Negotiable Instruments.