Translation of the Promissory Note, dated July 23, 2019, between Prime World International Holdings Ltd. and Taishin International Bank (filed as Exhibit 10.4 to the Registrants Current Report on Form 8-K filed with the Securities and Exchange Commission on July 29, 2019)

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:

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: