Unassociated Document


 


PROMISSORY NOTE


 



	
$9,105.00

	
February
15, 2011







 







FOR VALUE RECEIVED on February 15, 2011, RNK China Acquisition
Corp., a British Virgin Islands Company, having an office at Suite 101, No.26 Wen Hua East
Road, Huilongguan, Changpin, Beijing, 102208, China (the “Borrower”), hereby promises to pay to the order of Royale Capital Investments, LLC (the “Lender”), the principal amount of NINE THOUSAND ONE HUNDRED AND 05/100 DOLLARS ($9,105.00) on or before June 1, 2011 (the “Maturity
Date”).







 


Interest shall accrue on all amounts outstanding hereunder at a fixed annual rate equal to seven percent (1%). Interest shall be computed on the basis of the actual number of days elapsed and a year of 365 days, and shall not be compounded.


 


This Note may be prepaid, in whole or from time to time in part, without premium or penalty.


 


If permitted by law, Borrower shall reimburse the holder hereof for all costs and expenses incurred
by the holder and shall pay the reasonable fees and disbursements of the holders counsel in connection with the collection of this Note and/or the enforcement of holder’s rights hereunder.


 


No amendment, modification or waiver of any provision of this Note nor consent to any departure by Borrower therefrom shall be effective unless the same shall be in writing and signed by the holder hereof and such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.


 


Borrower hereby waives any requirements of notice of dishonor and protest. This Note shall be governed in all respects by the laws of The State of New York without giving effect to the conflict of law provisions thereof. This Note shall be binding upon Borrower and its successors and assigns and the terms hereof shall inure to the benefit of holder and its successors and assigns, including subsequent holders hereof; provided, however, that
this Note shall not be assignable or transferable without the prior written consent of Borrower.


 


The holding of any provision of this Note to be invalid or unenforceable by a court of competent jurisdiction shall not affect any other provisions, and the other provisions of this Note shall remain in full force and effect.


 


Unless otherwise specified by the holder hereof on the date when payment is due, payment under this Note shall be made at and all notices to holders shall be delivered to, the addresses set forth in the first paragraph of this Note.




 




  





  











  






 


IN WITNESS WHEREOF, the undersigned has executed or caused this instrument to be duly executed and delivered by its authorized representative as an instrument under seal as of the date first written above.


 



	 	RNK China Acquisition Corp.
	 	 
	 	By: 	
 /s/
Michael Walas


	 	
Print Name:
Michael Walas


	 	
Title: Director







 



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PROMISSORY NOTE EXTENSION


 

	
 

	
May 3, 2011





 

 

The
Parties hereunder agree to extend the maturity date of the Promissory Note issued by RNK China Acquisition Corp. (the "Borrower")
to Royale Capital Investments, LLC (the "Lender"), in the principal amount of NINE THOUSAND ONE HUNDRED AND 05/100 DOLLARS
($9,105.00), from June 1, 2011 to December 31, 2011.

 

IN WITNESS WHEREOF, the undersigned has executed or caused this instrument to be duly executed and delivered by its authorized representative as an instrument under seal as of the date first written above.

 

 

RNK China Acquisition Corp.

 

 

 

By: /s/ Michael Walas

 

Print Name: Michael Walas

Title: Director

 

 
 

Royale Capital Investments, LLC

 

 

By: /s/ Michael Walas

 

Print Name: Michael Walas
 Title: Managing Partner

 

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PROMISSORY NOTE EXTENSION


 

	
 

	
December 31, 2011





 


The
Parties hereunder agree to extend the maturity date of the Promissory Note issued by RNK Global Development Acquisition Corp. (formerly named RNK China Acquisition Corp.)
(the "Borrower") to Royale Capital Investments, LLC (the "Lender"), in the principal amount of NINE THOUSAND ONE
HUNDRED AND 05/100 DOLLARS ($9,105.00), from December 31, 2011 to March 31, 2012.


 


IN WITNESS WHEREOF, the undersigned has executed or caused this instrument to be duly executed and delivered by its authorized representative as an instrument under seal as of the date first written above.


 

 


RNK Global Development Acquisition Corp.


 

 


 


By: /s/ Jiangnan Huang

Print Name: Jiangnan Huang


 

 

Royale Capital Investments, LLC

 

By: /s/ Michael Walas

 

Print Name: Michael Walas



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