GREEN FOREST MANAGEMENT CONSULTING INC. PROMISSORY NOTE
GREEN FOREST MANAGEMENT CONSULTING INC.
PROMISSORY NOTE
TWD $53,238,851
Dated: October 29, 2013
For value received, and pursuant to the Land Sale and Purchase Agreement dated October 29, 2013, Green Forest Management Consulting Inc. promises to pay the sellers of certain lots of land in Xinpi Township, Pingtung County 925, Taiwan (R.O.C.), Yu Chien-Yang and Da Chuang Business Management Consulting Co., Ltd. (together, the “Xinpi Land Sellers”) the sum of Fifty Three Million Two Hundred Thirty Eight Thousand Eight Hundred Fifty One New Taiwan Dollars (TWD $53,238,851). Each of the Xinpi Land Sellers’ ownership interests in this Promissory Note is detailed on Annex A to this Promissory Note.
The sum shall be repaid to the Xinpi Land Sellers on or before December 31, 2013 according to the instructions of the Xinpi Land 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 | Land Lot # | Total Area of Registered Land (m2) | Value of Interest (TWD) | |||||||
Yu Chien-Yang | 1075, 1076, 1080, 1083, 1090 | 21,334.99 m2 | TWD $ | 38,723,007 | ||||||
Da Chuang Business Management Consulting Co., Ltd. | 1043, 1044-1, 1044-4, 1083-1, 1083-2, 1084, 1088-1 | 7,997.71 m2 | TWD $ | 14,515,844 | ||||||
Total: | 29,332.7 m2 | TWD $ | 53,238,851 |