CANCELLATION OF PROMISSORY NOTE

Contract Categories: Business Finance - Note Agreements
EX-10.4 5 v364140_ex10-4.htm EXHIBIT 10.4

 

CANCELLATION OF PROMISSORY NOTE

 

This Cancellation of Promissory Note (“Cancellation Agreement”) is entered into this 27th day of December, 2013, between San Lotus Holding Inc. (“SLH”) and Yu, Chien-Yang (the “Land Seller”).

 

RECITALS

 

A.WHEREAS, SLH assumed a certain Promissory Note dated as of December 27, 2013 and originally held by Green Forest Management Consulting Inc. in the original principal amount of Two Hundred Million Three Hundred One Thousand Nine Hundred Eighty Five New Taiwan Dollars (TWD $200,301,985), in favor of the Land Seller (the “Note”);

 

B.WHEREAS, the Land Seller 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 Seller 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.

 

AGREEMENT

 

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

 

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

 

San Lotus Holding Inc.

 

By: /s/ Chen, Li Hsing   /s/ Yu, Chien-Yang
  Chen, Li Hsing   Yu, Chien-Yang
  Chairman of the Board    

 

Green Forest Management Consulting Inc.

 

By: /s/ Chiang, Yu-Chang  
  Chiang, Yu-Chang  
  Director  

 

1
 

 

Schedule A

 

PURCHASER LIST

 

Purchaser  Purchase Amount (TWD)   Purchase Amount(USD)   Purchasing Shares 
             
Ocean Reserve Ltd.  $3,949,827   $133,215.1    659,154 
Daphne Chen  Ltd.  $7,601,411   $256,371.40    1,268,537 
Rocky Yu  Ltd.  $7,601,411   $256,371.40    1,268,537 
Jackson Yu  Ltd.  $7,601,411   $256,371.40    1,268,537 
Dennis Yu  Ltd.  $7,601,411   $256,371.40    1,268,537 
Yates Ltd.  $50,934,253   $1,717,850.00    8,500,000 
WEI CHI LTD.  $830,923   $28,024.40    138,666 
UHAO LTD.  $1,024,671   $34,558.90    170,999 
CHEN, MING-CHU  $399,480   $13,473.20    66,666 
Joyful Wealth Co., Ltd.  $694,359   $23,418.50    115,876 
Wang Yi Ltd.  $152,276   $5,135.80    25,412 
Zhao Li Ltd.  $344,065   $11,604.20    57,418 
FU TAI INTERNATIONAL CORP.  $26,541,372   $895,155.90    4,429,272 
TUNG, HAO-LAN  $119,845   $4,042.00    20,000 
WU,CHANG-MING  $179,768   $6,063.00    30,000 
CHENG, SU-WEI  $479,381   $16,168.00    80,000 
WU, PEI-CHEN  $29,961   $1,010.50    5,000 
HSU HUANG,  CHENG-TZU  $599,227   $20,210.00    100,000 
LO, CHEN-LIEN  $395,489   $13,338.60    66,000 
CHENG,SU-HUI  $119,845   $4,042.00    20,000 
KU, FANG-HSIANG  $29,961   $1,010.50    5,000 
WU,YING-SHIH  $149,807   $5,052.50    25,000 
LIU,FEN  $59,923   $2,021.00    10,000 
TSAI, HUI-CHAN  $119,845   $4,042.00    20,000 
SUNG, SHAO-FEI  $59,923   $2,021.00    10,000 
CHANG, YI-WEN  $778,994   $26,273.00    130,000 
HSU, HSIN-CHUAN  $299,613   $10,105.00    50,000 
HUANG,CHIA-CHENG  $29,961   $1,010.50    5,000 
LIN,MIAO-CHEN  $1,498,066   $50,525.00    250,000 
LEE YU, LI-FANG  $239,691   $8,084.00    40,000 
CHIANG, YA-YING  $59,923   $2,021.00    10,000 
Benchmark Assets Management Limited  $213,246   $7,192.10    35,587 
SONG,YA-RU  $19,871   $670.20    3,316 
TSENG, HSIANG-CHIH  $73,909   $2,492.70    12,334 
LIN,CHIA-LING  $9,989   $336.90    1,667 
HUANG,CHING-YI  $8,323   $280.70    1,389 
LIU,SAN-YU  $22,638   $763.50    3,778 

 

2
 

 

CHEN,QUAN-PING  $23,969   $808.40    4,000 
PENG, YI-CHEN  $29,961   $1,010.50    5,000 
HSIEH,CHUN-FANG  $24,304   $819.70    4,056 
CHEN,LING-JU  $31,986   $1,078.80    5,338 
MagicNLP Ltd.  $975,150   $32,888.70    162,735 
Brilliant Fine Co., Ltd.  $1,597,904   $53,892.20    266,661 
LIN, CHI-PING  $90,848   $3,064.00    15,161 
BABAIYI LTD  $2,459,346   $82,945.90    410,420 
ZHOU, YINZHI  $4,494,199   $151,575.00    750,000 
NING,CHI-WEI  $131,765   $4,444.00    21,989 
CHU,CHE-TZU  $329,509   $11,113.30    54,989 
YIN,CHIEN  $8,664   $292.20    1,446 
HUANG,HUI-TING  $77,977   $2,629.90    13,013 
HO, CHEN-YEN  $251,441   $8,480.30    41,961 
CHANG, CHIA-WEN  $35,079   $1,183.10    5,854 
YANG, CHAN-CHEN  $1,056   $35.60    176 
ZHAO, TIANXING  $101,946   $3,438.30    17,013 
KAN, CHIH-HAO  $2,176   $73.40    363 
YANG, CHUN-YI  $6,538   $220.50    1,091 
CHEN, HSIN-LAN  $41,142   $1,387.60    6,866 
CHEN, CHI-HUA  $39,212   $1,322.50    6,544 
LiJin Ltd  $4,119,684   $138,943.80    687,500 
Yake's Ltd  $374,518   $12,631.30    62,500 
HSU,HAO-CHE  $9,989   $336.90    1,667 
CHEN,WEI-TING  $10,031   $338.30    1,674 
LU,CHING-HO  $23,382   $788.60    3,902 
LIU, ZHAOLIN  $3,745,166   $126,312.50    625,000 
HSU,CHEN-EN  $10,941   $369.00    1,826 
GU,YA-TING  $9,983   $336.70    1,666 
HUANG,YINGCHAO  $64,717   $2,182.70    10,800 
CHENG, SHAOHONG  $39,950   $1,347.40    6,667 
HSIEH, HSIN-CHOU  $8,534,681   $287,847.60    1,424,283 
LEE, SHANG-CHE  $19,972   $673.60    3,333 
TSENG, JUI-CHUN  $665,806   $22,455.50    111,111 
KUO, HSIEN-TSUNG  $319,585   $10,778.60    53,333 
WAN, CHIEN-CHENG  $133,161   $4,491.10    22,222 
KUO, SHU-YUN  $798,967   $26,946.60    133,333 
CHIU, I-LANG  $798,967   $26,946.60    133,333 
HSIAO, HUNG-CHANG  $883,781   $29,807.10    147,487 
LO, HUAI-JUNG  $399,486   $13,473.40    66,667 
HSU, KUO-HAO  $1,424,828   $48,054.90    237,778 
TSAI, MEI-LI  $66,579   $2,245.50    11,111 
CHEN, YI-WEN  $16,646   $561.40    2,778 
LIN, CHIH-CHI  $19,972   $673.60    3,333 
LIN, HSIN-CHIEH  $33,288   $1,122.70    5,555 
LIN, HUI-CHUAN  $665,806   $22,455.50    111,111 
CHANG, LING-LIN  $798,967   $26,946.60    133,333 
LIN, YU-SHAN  $132,909   $4,482.60    22,180 
CHEN, SHU-CHI  $66,579   $2,245.50    11,111 

 

3
 

 

LEE, YAO-HUANG  $13,316   $449.10    2,222 
HSIEH, LI-CHUAN  $399,486   $13,473.40    66,667 
LIANG, SHIH-JU  $299,613   $10,105.00    50,000 
TAI, KUO-HAO  $395,567   $13,341.20    66,013 
ZHANG, YIXIN  $1,997,420   $67,366.60    333,333 
LIN, YI-WEN  $403,154   $13,597.10    67,279 
TSAI, TSU-CHIN  $402,745   $13,583.30    67,211 
TSAI, SUNG-MING  $610,203   $20,580.20    101,832 
CHANG, CHING-HSIAO  $227,706   $7,679.80    38,000 
CHANG, CHING-YI  $227,706   $7,679.80    38,000 
HU, LIAN-YUN  $119,845   $4,042.00    20,000 
LIN, SU-E  $141,890   $4,785.50    23,679 
CHEN, PING-YU  $80,313   $2,708.70    13,403 
SHIEH, LING-LING  $397,737   $13,414.40    66,375 
LAI, ZIH-LING  $397,737   $13,414.40    66,375 
LEE, CHU-LING  $256,529   $8,651.90    42,810 
CHEN, LIN-HUNG  $101,869   $3,435.70    17,000 
TANG, CHI-HAO  $259,663   $8,757.60    43,333 
JIANG, YU TU  $310,100   $10,458.70    51,750 
LIN, CHIN CHAI  $584,449   $19,711.60    97,534 
CHEN, YA-FEN  $17,977   $606.30    3,000 
YANG, YU-WEI  $23,969   $808.40    4,000 
WU, CHEN-YI  $5,992   $202.10    1,000 
LIU, MING-KUN  $217,717   $7,342.90    36,333 
LIU, CHIA-YI  $39,950   $1,347.40    6,667 
Guyi Ltd.  $798,967   $26,946.60    133,333 
LIAO, PEN-CHUN  $299,613   $10,105.00    50,000 
HUANG, CHIN-YEN  $519,332   $17,515.40    86,667 
CHEN, SHU-CHIN  $39,950   $1,347.40    6,667 
CHEN, YI-RU  $39,950   $1,347.40    6,667 
HUANG, HSIN-CHI  $79,895   $2,694.60    13,333 
Aeki Ltd.  $95,114   $3,207.90    15,873 
CHANG, CHIA-CHEN  $95,114   $3,207.90    15,873 
LI, CHINE-LIN  $19,026   $641.70    3,175 
Fuxin Ltd.  $123,649   $4,170.30    20,635 
KO, BO-CHENG  $39,950   $1,347.40    6,667 
LU, HUNG-CHIEH  $32,215   $1,086.50    5,376 
LIN, PING-YI  $79,901   $2,694.80    13,334 
LEE, PO-MING  $74,905   $2,526.30    12,500 
TSAI, CHENG-HAN  $11,985   $404.20    2,000 
LIN, CHANG-JEN  $59,923   $2,021.00    10,000 
TSENG, LI-FU  $44,517   $1,501.40    7,429 
CHEN, CHIA-YI  $19,978   $673.80    3,334 
WU, YUNG-YUN  $39,950   $1,347.40    6,667 
WU, JUI-TZU  $515,459   $17,384.80    86,021 
LIN, CHIH-PENG  $951,151   $32,079.30    158,730 
Kajar Tsai Ltd.  $332,901   $11,227.70    55,555 
KUO, CHO-SHAO  $59,923   $2,021.00    10,000 

 

4
 

 

LIN, LIEH-HUI  $59,923   $2,021.00    10,000 
Wang Chien-An  $59,923   $2,021.00    10,000 
LIAO, JIUN-NAN  $59,923   $2,021.00    10,000 
WEI, TZU-NING  $279,611   $9,430.40    46,662 
Tsai, Han-Yu  $419,459   $14,147.00    70,000 
Show King Holdings Inc  $1,141,382   $38,495.20    190,476 
WANG SHAO YU  $172,302   $5,811.20    28,754 
LIN SHAN WEI  $863,310   $29,116.70    144,071 
HUANG YEE CHUNG  $172,901   $5,831.40    28,854 
HUANG YEN CHE  $172,901   $5,831.40    28,854 
CHAN JOSHUA CHEUK LUN  $231,955   $7,823.10    38,709 
Allegro Equity Ltd.  $5,271,174   $177,779.90    879,663 
Bellini Ventures Ltd.  $7,490,331   $252,625.00    1,250,000 
Tree of Knowledge Ltd.  $2,996,133   $101,050.00    500,000 
WANG, WEN-SHENG  $433,839   $14,632.00    72,400 
LIN, CHIA-MIN  $10,247   $345.60    1,710 
KUAN, CHANG-YU  $59,923   $2,021.00    10,000 
ANCLA Ltd.  $2,996,133   $101,050.00    500,000 
FUI CHEUNG  $2,996,133   $101,050.00    500,000 
13 Fangs Ltd  $$2,996,133   $101,050.00    500,000 
Amber Wang Ltd.  $2,996,133   $101,050.00    500,000 
Dawn Michelle  $299,613   $10,105.00    50,000 
Total:  $200,301,985   $6,755,547.6    33,426,757 

 

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