Promissory Note between Huang Fang and Maitong Sunshine Cultural Development Co., Limited (September 7, 2023)
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Summary
Huang Fang has issued a promissory note to Maitong Sunshine Cultural Development Co., Limited for $60,000 as payment for shares subscribed by Huang Fang and 63 other investors. The note serves as full payment for the shares, and Huang Fang promises to pay the principal amount to the company upon demand. The note does not accrue interest. This agreement outlines the payment terms for the share subscription and the obligations of the payor.
EX-10.11 10 ea192257ex10-11_maitongsun.htm PROMISSORY NOTE
Exhibit 10.11
PROMISSORY NOTE
Date: September 7, 2023
Parties:
| “Payor” | Huang Fang |
| “Payee” | Maitong Sunshine Cultural Development Co., Limited, a Samoa International Company |
| “Principal Amount” | U.S. $60,000.00 |
Premises:
| 1. | Payor and 63 other investors have subscribed to purchase a total of 10,000 Shares issued by Payee for the Principal Amount, and Payee has accepted the 64 subscriptions. |
| 2. | Payor is delivering this Promissory Note to Payee and Payee is accepting this Promissory Note in full payment for the Shares, both those that Payor subscribed for and those subscribed for by the other investors. |
Covenant
Payor hereby promises to pay the Principal Amount to Payee on demand. This obligation will not bear interest.
| /s/ Huang Fang | |
| Huang Fang |
