GREEN FOREST MANAGEMENT CONSULTING INC. PROMISSORY NOTE

Contract Categories: Business Finance - Note Agreements
EX-10.2 3 v355367_ex10-2.htm EXHIBIT 10.2

 

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