Document:

Exhibit 10.4

 

Letter of Intent

 

I. Debtor Yao- Teh International Recreation Company, Inc. (Unifed
Tax Code number 22954579) and LO,FUN MING (ID Ul00137260) promise to repay 500000000NT that was lent to Yao-Teh International Recreation
Company, Inc. (Unifed Tax Code number 22954579). Yao-Teh Construction Company, Inc. (formerly known as Yao-Teh International Recreation
Company, Inc., (Unifed Tax Code number 20749356) and Royal Country Club members Chen Tiankui, Huang Rongqin, Xu Shengyu, Shi Hongsun,
Cai Zhiyu, Lin Zhaonan, Chen Yiwen, Huang Kuanyong, He Yongchuan, Zheng Wenchen, Cheng Qingxiang, Zhang Chongyan, Zhuang Yongran,
Qiufu Zhiling, Liu Weizhi, Liu Wentong, Zhou Dongfang, Li Shengyi, Wang Zhouhu, Ruan Jinwei, Zhang Shengheng, Zhang Chongbin, Zhang
Shengyi, Yao Yunyong, Lin Xiuzhang, Wang Huixiong, Cao Gengxin, Lin Xiuyuan, Shi Wendong, and Li Xiufeng agree to repay in the
follow way:

 

1. On June 26 2013, Yao -Teh International Recreation Company,
Inc and LO,FUN MING will repay 30,000,000NT into bank account 10112888883 which is kept at the Taiwan Business Bank East Taipei
branch or present a business check before June 26 2013.

 

2. The remaining sum of money will be repaid monthly over a
60 month period via business checks with Yao- Teh International Recreation Company, Inc and LO,FUN MING acting as check endorsers.
The first month's check will be for 20,000,000NT and will be paid on July 26, 2013 while the remaining 450,000,000 will paid in
equal monthly installments.

 

3. After the Taiwan Business Bank receives 30,000,000NT over
60 installments, it will cease the court auction against the Royal Country Club by court order.

 

4. Except for the legal fees, Yao- Teh International Recreation
Company, Inc. will not defray any other associated costs or fees.

 

II. This contract ceases to be effective in the case of a a
failure to make a payment. The original contract will then apply to the remaining amount of the loan. The bank will carry out the
original contract and the contracting parties of Yao- Teh and LO,FUN MING will not object.

 

III. Before repayment of the 500,000,000NT, the bank will institute
enforcement procedures on each of the Royal Country Club's members to directly obtain compensation for part of the 500,000,000NT
from each of them. However, the full amount of 500,000,000NT will not decrease if compensation is obtained from the members and
will only be considered repaid when Yao- Teh and LO,FUN MING repay the 500,000,000NT.

 

    	 		 

     

    

  

IV. Yao- Teh originally had to repay 850,000NT per month and
business checks dated June 21, 2013, July 21, 2013, August 21, 2013, and September 21. 2013, which equal 350,000NT, have yet to
reach maturity. These checks will still be honored, but will not decrease the 500,000,000NT owed. The debtor Yao-Teh and LO,FUN
MING will continue to repay the loan in the manner previously described until the full amount has been settle.

 

V. Regarding Yao- Teh Construction Company, Inc. (formerly known
as Yao- Teh International Recreation Company, Inc.), LO,FUN MING already has accepted the bank's letter number 6189726 dated June
17, 2013 to transfer the matter to the Taiwan Business Bank's Credit Guarantee Fund. As a result, person's responsible for the
loan (and their spouses), as well as other management parties that have provided guarantees still must repay the remainder owed.

 

Regards,

Taiwan Business Bank

 

Contractual Party: LO,FUN MING

ID: U100137260 Address: 106 Zhouzi Rd 4F, Taipei, Taiwan Contractual
Party: Yao- Teh International Recreation Company, Inc ID: 22954579 Address: 106 Zhouzi Rd 4F, Taipei, Taiwan

 

June 24, 2013

 

This letter of intent to repay loan obligations consists of
1 document and includes 61 pages of repayment receipts.Exhibit 10.6

 

I.      Loan amount- 13,000,000NT.

 

II.    Loan period- From August 7, 1991 to August 7, 1996.

 

III.   Interest Payment

 

1. Interest will be calculated starting from August
7, 1991. The first payment will be September 7, 1991, and from then on, interest shall be paid monthly.

Repayment of principal and liquidated damages:

 

2. Payments shall be spread over 48 monthly installments
starting at September 7, 1992. Each monthly installment should equal ____NT.

 

3. Interest shall be calculated at a 10% interest rate
with 1.25% annual increment raise with the starting rate at 11.25%. The borrower agrees to adhere to Taiwan Cooperative Bank's
interest rate changes and adjustments. Additionally, the borrower agrees to adhere to Taiwan Cooperative Bank's lender's interest
rate increase schedule for automatic adjustments.

 

4. In the event that interest payments are not made
in accordance to the above-described procedures, the interest rate will increase 10 percent if the payments are within 6 months
delinquent and 20 percent if they exceed 6 months delinquency.

 

IV.   Processing Fee: Annual interest rate ____. _____ will be
the monthly installment payment.

 

V.    Special Provisions

 

1. The borrower agrees to allocate the amount of ____
to the bank's treasury deposit account number _____ (account holder name______).

 

2. The monthly interest payments should be made via
account transfer. They should not be made by personal checks or deposits. If a dispute occurs with a third party, the bank will
not be involved with the dispute and no responsibility will be assigned to it. If the deposit account funds are insufficient to
pay the monthly installment, the borrower promises to pay the amount due and either liquidated damages or the delinquent interest.

 

3. If the borrower fails to honor the contract by not
paying the interest or installments, both the borrower and guarantor will forfeit any benefit from the loan. The unpaid amount
of the loan will be paid off by the bank taking immediate action and collateral.

 

    	 		 

     

    

  

4. The borrower and guarantor promise to respect the
each provision of the contract with the bank and hold the contract as part of the IOU.

 

Related Guarantor: Yao- Teh International Recreation
Company, Inc.

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LO,FUN MING

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LIOU,JING REN

Address: No.7, Ln. 63, Dahushanzhuang St., Neihu Dist.,
Taipei City 114, Taiwan

Related Guarantor: CHEN,CUEI YUE

Address: 17樓F.-2,
No.220, Anhe Rd., Zhonghe Dist., New Taipei City 235, Taiwan

August 7, 1991

 

    	 		 

     

    

  

I.     Loan amount- 110,000,000NT.

 

II.    Loan period- From August 7, 1991 to August 7, 2001.

 

III.   Interest Payment

 

1. Interest will be calculated starting from August
7, 1991. The first payment will be September 7, 1991, and from then on, interest shall be paid monthly.

Repayment of principal and liquidated damages:

 

2. Payments shall be spread over 96 monthly installments
starting at September 7, 1993. Each monthly installment should equal ____NT.

 

3. Interest shall be calculated at a 10% interest rate
with 1.25% annual increment raise with the starting rate at 11.25%. The borrower agrees to adhere to Taiwan Cooperative Bank's
interest rate changes and adjustments. Additionally, the borrower agrees to adhere to Taiwan Cooperative Bank's lender's interest
rate increase schedule for automatic adjustments.

 

4. In the event that interest payments are not made
in accordance to the above-described procedures, the interest rate will increase 10 percent if the payments are within 6 months
delinquent and 20 percent if they exceed 6 months delinquency.

 

IV.   Processing Fee: Annual interest rate ____. _____ will be
the monthly installment payment.

 

V.    Special Provisions

 

1. The borrower agrees to allocate the amount of ____
to the bank's treasury deposit account number _____ (account holder name______).

 

2. The monthly interest payments should be made via
account transfer. They should not be made by personal checks or deposits. If a dispute occurs with a third party, the bank will
not be involved with the dispute and no responsibility will be assigned to it. If the deposit account funds are insufficient to
pay the monthly installment, the borrower promises to pay the amount due and either liquidated damages or the delinquent interest.

 

3. If the borrower fails to honor the contract by not
paying the interest or installments, both the borrower and guarantor will forfeit any benefit from the loan. The unpaid amount
of the loan will be paid off by the bank taking immediate action and collateral.

 

4. The borrower and guarantor promise to respect the
each provision of the contract with the bank and hold the contract as part of the IOU.

 

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LO,FUN MING

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LIOU,JING REN

Address: No.7, Ln. 63, Dahushanzhuang St., Neihu Dist.,
Taipei City 114, Taiwan

Related Guarantor: CHEN,CUEI YUE

Address: 17樓F.-2,
No.220, Anhe Rd., Zhonghe Dist., New Taipei City 235, Taiwan

August 7, 1991

 

    	 		 

     

    

  

I.     Loan amount- 40,000,000NT.

 

II.    Loan period- From August 7, 1991 to August 7, 1996.

 

III.   Interest Payment

 

1. Interest will be calculated starting from August
7, 1991. The first payment will be September 7, 1991, and from then on, interest shall be paid monthly.

Repayment of principal and liquidated damages:

 

2. Payments shall be spread over 48 monthly installments
starting at September 7, 1992. Each monthly installment should equal ____NT.

 

3. Interest shall be calculated at a 10% interest rate
with 1.25% annual increment raise with the starting rate at 11.25%. The borrower agrees to adhere to Taiwan Cooperative Bank's
interest rate changes and adjustments. Additionally, the borrower agrees to adhere to Taiwan Cooperative Bank's lender's interest
rate increase schedule for automatic adjustments.

 

4. In the event that interest payments are not made
in accordance to the above-described procedures, the interest rate will increase 10 percent if the payments are within 6 months
delinquent and 20 percent if they exceed 6 months delinquency.

 

IV.   Processing Fee: Annual interest rate ____. _____ will be
the monthly installment payment.

 

V.    Special Provisions

 

1. The borrower agrees to allocate the amount of ____
to the bank's treasury deposit account number _____ (account holder name______).

 

2. The monthly interest payments should be made via
account transfer. They should not be made by personal checks or deposits. If a dispute occurs with a third party, the bank will
not be involved with the dispute and no responsibility will be assigned to it. If the deposit account funds are insufficient to
pay the monthly installment, the borrower promises to pay the amount due and either liquidated damages or the delinquent interest.

 

3. If the borrower fails to honor the contract by not
paying the interest or installments, both the borrower and guarantor will forfeit any benefit from the loan. The unpaid amount
of the loan will be paid off by the bank taking immediate action and collateral.

 

4. The borrower and guarantor promise to respect the
each provision of the contract with the bank and hold the contract as part of the IOU.

 

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LO,FUN MING

Address: 29F., No.333, Sec. 1, Keelung Rd., Xinyi Dist.,
Taipei City 110,Taiwan

Related Guarantor: LIOU,JING REN

Address: No.7, Ln. 63, Dahushanzhuang St., Neihu Dist.,
Taipei City 114, Taiwan

Related Guarantor: CHEN,CUEI YUE

Address: 17樓F.-2,
No.220, Anhe Rd., Zhonghe Dist., New Taipei City 235, Taiwan

August 7, 1991

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