CANCELLATION OF PROMISSORY NOTE

This Cancellation of Promissory Note ("Cancellation Agreement") is entered into August 11, 2014, between San Lotus Holding Inc. ("SLH") and Lo, Fun-Ming, Yu, Chien-Yang, and Mao Ren International Inc. (the "Land Sellers").

R E C I T A L S

A.      WHEREAS, SLH assumed a certain Promissory Note dated as of ugust 11, 2014 and originally held by Green Forest Management Consulting Inc. in the original principal amount of Three Billion Three Hundred Sixty Nine Million Three Hundred Three Thousand Six Hundred Ninety Three New Taiwan Dollars (TWD $3,369,303,693), in favor of the Land Sellers (the "Note");

B.      WHEREAS, the Land Sellers used the funds owed under the Note to subscribe to shares of SLH common stock, which stock was distributed pursuant to the instructions of the Land Sellers as indicated on Schedule A attached hereto;

C.      WHEREAS, the parties hereto agree that there are no obligations outstanding among the parties whatsoever relating to the Note; and

D.      NOW, THEREFORE, the parties hereto desire to cancel the Note.

A G R E E M E N T

The Note is hereby terminated and cancelled and is of no further force and effect. The Land Sellers hereby agree to promptly return the Note to SLH.

IN WITNESS WHEREOF, the parties hereto have executed this Cancellation Agreement.

San Lotus Holding Inc.

                                                                                                  /s/ Lo, Fun-Ming                    

By: /s/ Chen, Li Hsing                                                                                 Lo, Fun-Ming

         Chen, Li Hsing

Chairman of the Board

                                                                                                                  /s/ Yu, Chien-Yang                

 Yu, Chien-Yang

Green Forest Management Consulting Inc.

                                                                                                                 Mao Ren International Inc

By:  /s/ Chiang, Yu-Chang              

             Chiang, Yu-Chang

             Director                                                                             By:  /s/ Chen, Kuan-Yu                 

Chen, Kuan-Yu

Chairman of Board

Mao Ren International Inc.

No. 121 Songzhu North Rd.,

Beitun Dist., Taichung City, Taiwan (R.O.C.)