Promissory Note between Green Forest Management Consulting Inc. and Land Sellers for TWD $3,369,303,693 (August 11, 2014)

Contract Categories: Business Finance › Note Agreements
Summary

Green Forest Management Consulting Inc. agrees to pay the Land Sellers—Yao De International Recreation Incorporation, Yu, Chien-Yang, and Mao Ren International Inc.—a total of TWD $3,369,303,693 for the purchase of land in Miaoli County, Taiwan. The payment is due on or before August 11, 2014, as per the instructions of the Land Sellers. The note details the specific land lots and the ownership interests of each seller. This agreement formalizes the repayment terms for the land purchase.

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EX-10.3 4 exhibit103.htm EXHIBIT 10.3 exhibit103.htm - Generated by SEC Publisher for SEC Filing  

 

GREEN FOREST MANAGEMENT CONSULTING INC.

 

FORM OF PROMISSORY NOTE

 

 

 

TWD $3,369,303,693

 

Dated: August 11, 2014

 

 

For value received, and pursuant to the Land Sale and Purchase Agreement dated August 11, 2014, Green Forest Management Consulting Inc. promises to pay the Sellers of certain lots of land in Zaoqiao Township and Touwu Township, Miaoli County, Taiwan (R.O.C.), Yao De International Recreation Incorporation, Yu, Chien-Yang and Mao Ren International Inc. (the "Land Sellers") the sum of Three Billion Three Hundred Sixty Nine Million Three Hundred Three Thousand Six Hundred Ninety Three New Taiwan Dollars (TWD $3,369,303,693). The Land Sellers' ownership interest in this Promissory Note is detailed on Annex A to this Promissory Note.

 

The sum shall be repaid to the Land Sellers on or before August 11, 2014 according to the instructions of the Land Sellers.

 

                                                                                                                Green Forest Management Consulting Inc.

 

 

                                              By:  /s/ Chiang, Yu-Chang             

                                                            Chiang, Yu-Chang

                                                            Director

                                                            Green Forest Management Consulting Inc.

                                                            Rm. B302C, 3F.-2, No. 185, Kewang Rd.

                                                                                                                                                            Longtan Township, Taoyuan County 325

                                                                                                                                                            Taiwan (R.O.C.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 
 

 

 

Annex A

 

PROMOSSORY NOTE HOLDERS

 

 

Note Holder

Land Lot

Land Number

(m2)

Total Area of Registered Land

Value of Interest (TWD)

Lo, Fun-Ming

Dataoping Section, Zaoqiao Township, Miaoli County, Taiwan (R.O.C.)

668, 668-1, 668-2, 669, 702, 706, 706-1, 706-17, 706-18

894,453.89

1,285,713.89

3,369,303,693

Laotianliao Section, Touwu Township, Miaoli County, Taiwan (R.O.C.)

432-16, 432-31, 432-34, 432-36, 432-37, 444, 444-1, 444-8, 444-32, 449

Yu, Chien-Yang

Dataoping Section, Zaoqiao Township, Miaoli County, Taiwan (R.O.C.)

64, 66, 67-1, 68, 70, 71, 81-3, 81-4, 83-2, 539, 628, 628-3, 628-5, 628-6, 647-1, 647-7, 647-12, 647-18, 647-20, 655-7, 655-11, 661-2, 690, 699-5, 699-22, 699-28, 699-29, 699-30, 706-2, 706-9

386,673

Mao Ren International Inc.

Dataoping Section, Zaoqiao Township, Miaoli County, Taiwan (R.O.C.)

664, 665, 655-9, 666, 661-1, 661-4, 667

4,587