GREEN FOREST MANAGEMENT CONSULTING INC. PROMISSORY NOTE
GREEN FOREST MANAGEMENT CONSULTING INC.
PROMISSORY NOTE
TWD $91,996,524
Dated: September 17, 2013
For value received, and pursuant to the Stock Purchase Agreement, dated September 17, 2013, Green Forest Management Consulting Inc. promises to pay the sellers of Da Ren International Development Inc., Chang Cheng-Sung, Liao Chi-Sheng, Yu Chien-Yang and Da Chuang Business Management Consultant Co., Ltd. (together, the “Da Ren Sellers”) the sum of Ninety One Million Nine Hundred Ninety Six Thousand Five Hundred Twenty Four New Taiwan Dollars (TWD $91,996,524). Each of the Da Ren Sellers’ ownership interests in this Promissory Note is detailed on Annex A to this Promissory Note.
The sum shall be repaid to the Da Ren Sellers on or before September 17, 2013 according to the instructions of the Da Ren Sellers.
| Green Forest Management Consulting Inc. | ||
| By: | /s/ Chiang Yu-Chang | |
| Chiang Yu-Chang | ||
| Chairman of the Board | ||
| Green Forest Management Consulting Inc. | ||
| Rm. B302C, 3F.-2, No. 185, Kewang Rd. | ||
| Longtan Township, Taoyuan County 325 | ||
| Taiwan (R.O.C.) | ||
Annex A
PROMISSORY NOTE HOLDERS
| Note Holder | Value of Shares Sold (TWD) |
| Chang Cheng-Sung
| TWD $30,000,000 |
| Liao Chi-Sheng
| TWD $30,000,000 |
| Yu Chien-Yang
| TWD $5,500,000 |
| Da Chuang Business Management Consultant Co., Ltd.
| TWD $26,496,524 |
