Document:

exhibit107.htm - Generated by SEC Publisher for SEC Filing

  

 

CANCELLATION OF PROMISSORY NOTE

 

This Cancellation of Promissory Note ("Cancellation Agreement") is entered into August 11, 2014, between San Lotus Holding Inc. ("SLH") and Lo, Fun-Ming, Yu, Chien-Yang, and Mao Ren International Inc. (the "Land Sellers").

 

R E C I T A L S

 

A.      WHEREAS, SLH assumed a certain Promissory Note dated as of ugust 11, 2014 and originally held by Green Forest Management Consulting Inc. in the original principal amount of Three Billion Three Hundred Sixty Nine Million Three Hundred Three Thousand Six Hundred Ninety Three New Taiwan Dollars (TWD $3,369,303,693), in favor of the Land Sellers (the "Note");

 

B.      WHEREAS, the Land Sellers 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 Sellers 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.

 

A G R E E M E N T

 

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

 

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

 

 

San Lotus Holding Inc. 

 

                                                                                                  /s/ Lo, Fun-Ming                     

By: /s/ Chen, Li Hsing                                                                                 Lo, Fun-Ming

         Chen, Li Hsing 

Chairman of the Board

 

                                                                                                                  /s/ Yu, Chien-Yang                 

 Yu, Chien-Yang

Green Forest Management Consulting Inc.

 

 

                                                                                                                 Mao Ren International Inc

By:  /s/ Chiang, Yu-Chang               

             Chiang, Yu-Chang 

             Director                                                                             By:  /s/ Chen, Kuan-Yu                  

Chen, Kuan-Yu

Chairman of Board

Mao Ren International Inc.

No. 121 Songzhu North Rd., 

Beitun Dist., Taichung City, Taiwan (R.O.C.) 

1

 

 

  

 

 Schedule A

PURCHASER LIST

 

 

	

    
	

   Purchaser
	

    
	

   Purchase Amount(TWD)
	

    
	

   Purchase Amount(USD)
	

    
	

   Purchasing Shares

	

   1
	

   LO, FUN MING
	

    
	

   $1,917,695,123
	

    
	

   $63,508,250.20
	

    
	

   226,491,620

	

   2
	

   DENG DONG LTD
	

    
	

   $415,138,026
	

    
	

   $13,748,113.20
	

    
	

   49,030,361

	

   3
	

   HUANG, HUANG-CHANG
	

    
	

   $373,866
	

    
	

   $12,381.30
	

    
	

   44,156

	

   4
	

   LAI, YUEH-ER
	

    
	

   $560,800
	

    
	

   $18,572.00
	

    
	

   66,234

	

   5
	

   KAO, YU-TSAI
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   6
	

   HUANG, CHIN-CHUNG
	

    
	

   $592,687
	

    
	

   $19,628.00
	

    
	

   70,000

	

   7
	

   LAI, FU-HSIUNG
	

    
	

   $70,097
	

    
	

   $2,321.40
	

    
	

   8,279

	

   8
	

   LIAO, PO-CHAN
	

    
	

   $70,097
	

    
	

   $2,321.40
	

    
	

   8,279

	

   9
	

   HUANG, CHIN-YEN
	

    
	

   $8,467
	

    
	

   $280.40
	

    
	

   1,000

	

   10
	

   LIU, CHIUNG-YANG
	

    
	

   $5,647
	

    
	

   $187.00
	

    
	

   667

	

   11
	

   TING, YI-PING
	

    
	

   $8,467
	

    
	

   $280.40
	

    
	

   1,000

	

   12
	

   Ocean Reserve Ltd.
	

    
	

   $514,675,218
	

    
	

   $17,044,483.30
	

    
	

   60,786,317

	

   13
	

   YU, CHIEN-YANG
	

    
	

   $50,487,881
	

    
	

   $1,672,005.60
	

    
	

   5,962,930

	

   14
	

   Da Chuang Business Management Consultant Co., Ltd
	

    
	

   $2,804,004
	

    
	

   $92,860.10
	

    
	

   331,170

	

   15
	

   UHAO LTD.
	

    
	

   $10,960,502
	

    
	

   $362,978.60
	

    
	

   1,294,503

	

   16
	

   CHEN, MING-CHU
	

    
	

   $535,873
	

    
	

   $17,746.50
	

    
	

   63,290

	

   17
	

   Joyful Wealth Co., Ltd.
	

    
	

   $2,747,927
	

    
	

   $91,003.00
	

    
	

   324,547

	

   18
	

   LI, CHINE-LIN
	

    
	

   $58,668
	

    
	

   $1,942.90
	

    
	

   6,929

	

   19
	

   HSIEH, JUNG-MAO
	

    
	

   $169,339
	

    
	

   $5,608.00
	

    
	

   20,000

	

   20
	

   CHANG, TA-CHING
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   21
	

   CHAN, CHUN-FENG
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   22
	

   CHANG, CHIA-CHEN
	

    
	

   $127,004
	

    
	

   $4,206.00
	

    
	

   15,000

	

   23
	

   CHIU, CHAO-MING
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   24
	

   WANG, HSIN-PING
	

    
	

   $55,035
	

    
	

   $1,822.60
	

    
	

   6,500

	

   25
	

   Fuxin Ltd.
	

    
	

   $55,035
	

    
	

   $1,822.60
	

    
	

   6,500

	

   26
	

   KUO, MAN-YU
	

    
	

   $16,934
	

    
	

   $560.80
	

    
	

   2,000

	

   27
	

   HUANG LIU, HSIU-MEI
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   28
	

   CHANG, JUEI-FENG
	

    
	

   $84,670
	

    
	

   $2,804.00
	

    
	

   10,000

	

   29
	

   BABAIYI LTD
	

    
	

   $161,280
	

    
	

   $5,341.10
	

    
	

   19,048

	

   30
	

   CHU,CHE-TZU
	

    
	

   $279,410
	

    
	

   $9,253.20
	

    
	

   33,000

	

   31
	

   Daphne Chen Ltd.
	

    
	

   $42,426,878
	

    
	

   $1,405,049.60
	

    
	

   5,010,876

	

   32
	

   Rocky Yu Ltd.
	

    
	

   $42,426,878
	

    
	

   $1,405,049.60
	

    
	

   5,010,876

	

   33
	

   Jackson Yu Ltd.
	

    
	

   $42,426,878
	

    
	

   $1,405,049.60
	

    
	

   5,010,876

	

   34
	

   Dennis Yu Ltd.
	

    
	

   $42,426,878
	

    
	

   $1,405,049.60
	

    
	

   5,010,876

	

   35
	

   Gu Gu Gu Ltd.
	

    
	

   $21,213,439
	

    
	

   $702,524.80
	

    
	

   2,505,438

	

   36
	

   Nan Fang Ltd.
	

    
	

   $42,122,067
	

    
	

   $1,394,955.20
	

    
	

   4,974,876

	

   37
	

   New Bela Ltd.
	

    
	

   $6,517,028
	

    
	

   $215,824.20
	

    
	

   769,701

	

   38
	

   Edwin Kwong
	

    
	

   $846,696
	

    
	

   $2,804
	

    
	

   100,000

	

    
	

   Total
	

    
	

   $3,369,303,693 
	

    
	

   $111,581,126.30 
	

    
	

   397,935,544exhibit108.htm - Generated by SEC Publisher for SEC Filing

  

 

CANCELLATION OF PROMISSORY NOTE

 

This Cancellation of Promissory Note ("Cancellation Agreement") is entered into August 11, 2014, between San Lotus Holding Inc. ("SLH") and Chen, Kuan-Yu (the "Land Sellers").

 

R E C I T A L S

 

A.      WHEREAS, SLH assumed a certain Promissory Note dated as of  August 11, 2014 and originally held by Green Forest Management Consulting Inc. in the original principal amount of One Billion Two Hundred Fourteen Million Three Hundred Ninety Eight Thousand Fifteen New Taiwan Dollars (TWD $1,214,398,015), in favor of the Land Sellers (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.

 

A G R E E M E N T

 

The Note is hereby terminated and cancelled and is of no further force and effect. The Land Seller hereby agree 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                     

         Chen, Li Hsing 

Chairman of the Board

 

 

Green Forest Management Consulting Inc.

 

 

By:  /s/ Chiang, Yu-Chang                                                          By: /s/ Chen, Kuan-Yu                

             Chiang, Yu-Chang                                                                       Chen, Kuan-Yu

             Director                                                                                          4F, Flat2, Man Wah Building

                                                                                                                     Man Wui Street, Yau Ma Tei

                                                                                                                     Hong Kong SAR

 

1

 

 

  

 

Schedule A

 

PURCHASER LIST

 

 

	

    
	

   Purchaser
	

    
	

   Purchase Amount(TWD)
	

    
	

   Purchase Amount(USD)
	

    
	

   Purchasing Shares

	

   1
	

   Ocean Reserve Ltd.
	

    
	

   $287,594,246
	

    
	

   $9,699,637.30
	

    
	

   47,994,245

	

   2
	

   Show King Holdings Inc.
	

    
	

   $31,388,053
	

    
	

   $1,058,619
	

    
	

   5,238,095

	

   3
	

   YU, CHIEN-YANG
	

    
	

   $9,987,110
	

    
	

   $336,833.40
	

    
	

   1,666,667

	

   4
	

   CHANG, CHING
	

    
	

   $4,955,903
	

    
	

   $167,146.80
	

    
	

   827,050

	

   5
	

   R&G INTERNATIONAL CO., LTD.
	

    
	

   $191,752,551
	

    
	

   $6,467,202.40
	

    
	

   32,000,012

	

   6
	

   CHEN TSENG, CHIH YING
	

    
	

   $10,652,946
	

    
	

   $359,289.90
	

    
	

   1,777,783

	

   7
	

   CHEN, LI HSING
	

    
	

   $15,357,271
	

    
	

   $517,951.80
	

    
	

   2,562,849

	

   8
	

   YEN, HSIU CHEN
	

    
	

   $1,210,221
	

    
	

   $40,816.90
	

    
	

   201,964

	

   9
	

   LEUNG, SIU WING
	

    
	

   $119,845
	

    
	

   $4,042.00
	

    
	

   20,000

	

   10
	

   CHANG, HAO-CHUN
	

    
	

   $719,072
	

    
	

   $24,252.00
	

    
	

   120,000

	

   11
	

   GU, YA-TING
	

    
	

   $75,447
	

    
	

   $2,544.60
	

    
	

   12,591

	

   12
	

   LU, CHING-HO
	

    
	

   $15,646
	

    
	

   $527.70
	

    
	

   2,611

	

   13
	

   Mohialddin Khalid AL-Sawaf
	

    
	

   $85,689
	

    
	

   $2,890.00
	

    
	

   14,300

	

   14
	

   CHEN,LING-JU
	

    
	

   $27,936
	

    
	

   $942.20
	

    
	

   4,662

	

   15
	

   CHEN,QUAN-PING
	

    
	

   $37,151
	

    
	

   $1,253.00
	

    
	

   6,200

	

   16
	

   PENG, YI-CHEN
	

    
	

   $13,933
	

    
	

   $469.90
	

    
	

   2,325

	

   17
	

   LIU,SAN-YU
	

    
	

   $14,861
	

    
	

   $501.20
	

    
	

   2,480

	

   18
	

   TSENG, HSIANG-CHIH
	

    
	

   $27,865
	

    
	

   $939.80
	

    
	

   4,650

	

   19
	

   LIN,CHIA-LING
	

    
	

   $1,995
	

    
	

   $67.30
	

    
	

   333

	

   20
	

   Benchmark Assets Management Limited
	

    
	

   $41,682
	

    
	

   $1,405.80
	

    
	

   6,956

	

   21
	

   Daphne Chen Ltd.
	

    
	

   $303,150
	

    
	

   $10,224.30
	

    
	

   50,590

	

   22
	

   Rocky Yu Ltd.
	

    
	

   $303,150
	

    
	

   $10,224.30
	

    
	

   50,590

	

   23
	

   Jackson Yu Ltd.
	

    
	

   $303,150
	

    
	

   $10,224.30
	

    
	

   50,590

	

   24
	

   Dennis Yu Ltd.
	

    
	

   $303,150
	

    
	

   $10,224.30
	

    
	

   50,590

	

   25
	

   Gu Gu Gu Ltd.
	

    
	

   $4,232,715
	

    
	

   $142,756.00
	

    
	

   706,363

	

   26
	

   Nan Fang Ltd.
	

    
	

   $740,458
	

    
	

   $24,973.30
	

    
	

   123,569

	

   27
	

   LIAO, MIAO-CHEN
	

    
	

   $59,923
	

    
	

   $2,021.00
	

    
	

   10,000

	

   28
	

   Chen, Chun-hung
	

    
	

   $11,985
	

    
	

   $404.20
	

    
	

   2,000

	

   29
	

   Liu, Chi-Jen
	

    
	

   $179,768
	

    
	

   $6,063.00
	

    
	

   30,000

	

   30
	

   LIN, CHUN-HAN
	

    
	

   $1,523,215
	

    
	

   $51,373.20
	

    
	

   254,197

	

   31
	

   Golden Hen Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   32
	

   A Band Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   33
	

   A Benbow Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   34
	

   Animedia Holding Inc
	

    
	

   $25,966,480
	

    
	

   $875,766.60 
	

    
	

   4,333,333 

	

   35
	

   AHI Adaptation Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   36
	

   AHI Advertising Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   37
	

   AHI Animation Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   38
	

   AHI Blueprint Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   39
	

   AHI Broadcasting Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   40
	

   AHI Diction Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   41
	

   AHI Equipment Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   42
	

   AHI Illustration Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   43
	

   AHI Library Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   44
	

   AHI Marketing Inc
	

    
	

   $23,969,060
	

    
	

   $808,400.00 
	

    
	

   4,000,000 

	

   45
	

   AHI Peripherals Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   46
	

   AHI Photography Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   47
	

   AHI Pictures Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   48
	

   AHI Post Production Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   49
	

   AHI Publishing Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   50
	

   AHI Sound Inc
	

    
	

   $29,961,325
	

    
	

   $1,010,500.00 
	

    
	

   5,000,000 

	

   51
	

   AHI Talent Agency Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   52
	

   AHI Voice Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   53
	

   Animedia TV Inc
	

    
	

   $19,974,215
	

    
	

   $673,666.60 
	

    
	

   3,333,333 

	

   54
	

   AHI Content Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   55
	

   AHI Lighting Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   56
	

   AHI Film Inc
	

    
	

   $19,974,215
	

    
	

   $673,666.60 
	

    
	

   3,333,333 

	

   57
	

   AHI Records Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   58
	

   App Artist Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   59
	

   App Artist Blueprint Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   60
	

   App Artist Library Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   61
	

   App Artist Marketing Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   62
	

   App Artist Services Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   63
	

   App Artist Software Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   64
	

   A Peace World Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   65
	

   APW Assets Inc
	

    
	

   $59,922,650
	

    
	

   $2,021,000.00 
	

    
	

   10,000,000 

	

   66
	

   APW Construction Inc
	

    
	

   $29,961,325
	

    
	

   $1,010,500.00 
	

    
	

   5,000,000 

	

   67
	

   APW Contractor Inc
	

    
	

   $29,961,325
	

    
	

   $1,010,500.00 
	

    
	

   5,000,000 

	

   68
	

   APW Development Inc
	

    
	

   $29,961,325
	

    
	

   $1,010,500.00 
	

    
	

   5,000,000 

	

   69
	

   Genie Experiences Holding Inc
	

    
	

   $19,974,215
	

    
	

   $673,666.60 
	

    
	

   3,333,333 

	

   70
	

   Genie Experiences Coach Inc
	

    
	

   $9,987,110
	

    
	

   $336,833.40 
	

    
	

   1,666,667 

	

   71
	

   Genie Experiences Marketing Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   72
	

   Genie Experiences Realty Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   73
	

   Genie Experiences Services Inc
	

    
	

   $19,974,215
	

    
	

   $673,666.60 
	

    
	

   3,333,333 

	

   74
	

   Autarky Holding Inc.
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   75
	

   Autarky Consulting Inc
	

    
	

   $15,979,375
	

    
	

   $538,933.40 
	

    
	

   2,666,667 

	

   76
	

   Autarky Immigration Services Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   77
	

   Autarky Library Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   78
	

   Autarky Management Consulting Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   79
	

   Autarky Marketing Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   80
	

   Autarky Publishing Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   81
	

   Autarky Services Inc
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   82
	

   BKPR Inc.
	

    
	

   $5,992,265
	

    
	

   $202,100.00 
	

    
	

   1,000,000 

	

   83
	

   Magnate Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

   84
	

   Framework Capital Inc
	

    
	

   $39,948,435
	

    
	

   $1,347,333.40 
	

    
	

   6,666,667 

	

   85
	

   Axis Holding Inc
	

    
	

   $19,974,215
	

    
	

   $673,666.60 
	

    
	

   3,333,333 

	

   86
	

   Kreo Socivs Holding Inc
	

    
	

   $2,396,906
	

    
	

   $80,840.00 
	

    
	

   400,000 

	

    
	

   Total
	

    
	

   $1,214,398,015 
	

    
	

   $40,957,774.70 
	

    
	

   202,660,931

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}]]