Document:

STOCK PURCHASE AGREEMENT

 

This Stock Purchase
Agreement (the “Agreement”), is dated as of October 29, 2013 between San Lotus Holding Inc., a Nevada corporation
having offices at 3F-B302C, No. 185, Kewang Road, Longtan Township, Taoyuan County, 325 Taiwan (the “Company”), and the
individual purchasers whose names are set forth in the Schedule A hereunder (each a “Purchaser” and,
collectively, the “Purchasers”).

 

RECITALS

 

A.         Purchasers
were the sole shareholders of TBWTV Inc. owning an aggregate of 170,000 shares;

 

B.         On
or about November 27, 2012, Purchasers on the one hand, and Kuan-Yu Chen and Chien-Yang Yu (collectively, the “Promisors”),
on the other hand, entered into a certain Stock Purchase Agreement, whereby Purchasers agreed to sell their respective shares
of TBWTV Inc. to the Promisors in exchange for 3,000,000 shares of the Company’s common stock at a purchase price of $0.10
per share (“Original Stock Purchase Agreement”);

 

C.         To
complete delivery of the Company shares to Purchasers under the terms of the Original Stock Purchase Agreement, government regulations
relating to transfer of non-registered shares require Purchasers to enter into this Agreement;

 

D.         
In conjunction with this Agreement, Promisors have executed a Promissory Note in the amount of $3,000,000 Shares of San Lotus
Holding Inc. payable to Purchasers, in the event the Company fails to deliver the Shares under the terms of this Agreement.

 

ARTICLE I

PURCHASE, SALE AND TERMS OF SHARES

 

1.1 The Shares. The Company agrees
to issue and sell to Purchasers and, in consideration of and in express reliance upon the representations, warranties, covenants,
terms and conditions of this Agreement, the Purchasers agree to purchase from the Company an aggregate of Three Million (3,000,000)
shares (the “Shares”) of the Company’s common stock, par value $0.10 per share, (the “Common Stock”)
at a per share purchase price which shall be $0.10 per share (the “Purchase Price”).  The specific number
of Shares that each Purchaser will purchase is set forth in Schedule A attached hereto. Each Purchaser understands
and agrees that the Company in its sole discretion reserves the right to accept or reject this subscription for the Shares, in
whole or in part, prior to receipt by the Company of the Purchase Price, or any applicable portion thereof, as set forth in Article
II hereafter.

 

1.2 Delivery of Share Certificates.  
The Company will no later than October 31, 2013 cause the Share certificates to be delivered to each Purchaser.

 

1.3 Failure to Transfer Shares.
The Agreement shall be null and void and of no effect in the event Company fails to deliver the Shares to each Purchaser on or
before October 31, 2013.

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF EACH
PURCHASER

 

2.1. Representations by Each Purchaser.  Each
Purchaser makes the following representations and warranties to the Company:

 

(a)         
Purchaser acknowledges that the Shares have not been registered with the Securities and Exchange Commission pursuant to the
Securities Act of 1933, as amended (the “Securities Act”), nor have the Shares been registered or qualified for sale
under the laws of any other jurisdiction (either within or outside of the United States).

 

(b)          Purchaser
is acquiring the Shares for Purchaser’s own account and not for the account of others and for investment purposes only.

 

    	 

    	 

    

 

(c)          All
subsequent offers and sales of the Shares by Purchaser shall be made in compliance with the Securities Act, pursuant to registration
under the Securities Act or pursuant to an exemption from such registration.

 

(d)         Purchaser
understands that the Shares are being offered and sold in reliance on specific exemptions from the registration requirements of
U.S. federal and state securities laws and that the Company is relying upon the truth and accuracy of the representations, warranties,
agreements acknowledgments and understandings of Purchaser set forth in the Agreement in order to determine the applicability
of such exemptions and the suitability of Purchaser to acquire the Shares.

 

(e)         Purchaser
has adequate net worth and means of providing for his or her current needs and personal contingencies to sustain a complete loss
of his or her investment in the Shares and has no need for liquidity in this investment.

 

(f)         The
Company has made available to Purchaser, and Purchaser’s counsel and advisors, if any, the opportunity to ask questions
of, and receive answers from, the Company and its representatives concerning the terms and conditions of an investment in the
Shares, and has given Purchaser access to any requested information, documents, financial statements, books and records relative
to the Company and an investment in the Shares.

 

(g)         If
the Purchaser is a corporation, it is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation, and if the Purchaser is a partnership or other organization, it is duly organized, validly existing and
in good standing under the laws of its jurisdiction of organization.

 

(h)          (i)
If the Purchaser is a corporation, the execution, delivery and performance of this Agreement has been duly authorized by all necessary
corporate action; (ii) if the Purchaser is a partnership or other organization, all governing documents necessary to enter into
this Agreement and to consummate the transactions contemplated hereby, and all necessary consents and approvals required by the
partnership agreement or other governing documents have been obtained; and (iii) for both corporations and partnerships, this
Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance
with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting creditors' rights generally.

 

(i)          Purchaser
is aware that investing in the Shares is speculative and involves a high degree of risk and that any right to transfer Shares
in the Company is limited and restricted by law and this Agreement.

 

(j)         Purchaser
has evaluated the risks of investing in the Shares and has substantial experience in making investment decisions of this type
or is relying on his advisors or Purchase Representative, if applicable, in making this investment decision.

 

(k)          Purchaser
understands that the shares subject to this Agreement will not be registered pursuant to a registration statement filed with the
Securities and Exchange Commission and may only be sold pursuant to an exemption from registration under the Securities Act. As
such, a legend will be placed on any certificate representing the Shares substantially as follows:

 

THIS SECURITY HAS NOT BEEN REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES OR BLUE SKY LAWS OF ANY STATE AND MAY BE OFFERED AND SOLD ONLY
IF REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF UNITED STATES FEDERAL AND STATE SECURITIES OR BLUE SKY LAWS
OR IF AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION IS APPLICABLE.

 

    	 

    	 

    

 

(l)          Purchaser
consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company in order
to implement the restrictions on transfer of the Shares.

 

The foregoing representations, warranties and covenants, and
all other information which the Subscriber has provided to the Company concerning the Subscriber and the Subscriber's financial
condition (or concerning the entity or organization which the subscriber represents and its financial condition), are true and
accurate as of the date hereof.

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The Company represents and warrants as
follows:

 

3.1 Organization and Standing
of the Company.  The Company is a duly organized and validly existing corporation in good standing under the laws
of the State of Nevada and has all requisite corporate power and authority for the ownership and operation of its properties and
for the carrying on of its business as now conducted and as now proposed to be conducted and to execute and deliver this Agreement
and other instruments, agreements and documents contemplated herein (together with this Agreement, the “Transaction Documents”),
to issue, sell and deliver the Shares and to perform its other obligations pursuant hereto.  The Company is duly licensed
or qualified and in good standing as a foreign corporation authorized to do business in all jurisdictions wherein the character
of the property owned or leased or the nature of the activities conducted by it makes such licensing or qualification necessary,
except where the failure to be so licensed or qualified would not have a material adverse effect on the business, operations or
financial condition of the Company.

 

3.2 Corporate Action.  The
Transaction Documents have been duly authorized, executed and delivered by the Company and constitute the legal, valid and binding
obligations of the Company, enforceable against the Company in accordance with their respective terms.  The Shares have
been duly authorized.  The issuance, sale and delivery of the Shares have been duly authorized by all required corporate
action on the part of the Company.  The Shares, when issued and paid for in accordance with the Transaction Documents,
will be validly issued, fully paid and nonassessable, with no personal liability attaching to the ownership thereof and will be
free and clear of all liens, charges, restrictions, claims and encumbrances imposed by or through the Company, except as expressly
set forth in the Transaction Documents.

 

3.3 Governmental Approvals.  No
authorization, consent, approval, license, exemption of or filing or registration with any court or governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, is or will be necessary for, or in connection with, the execution
and delivery by the Company of this Agreement, for the offer, issue, sale, execution or delivery of the Shares, or for the performance
by the Company of its obligations under the Transaction Documents except for any filings required by applicable securities laws.

 

3.4 Litigation. There is no litigation
or governmental proceeding or investigation pending or, to the knowledge of the Company, threatened against the Company affecting
any of its properties or assets, nor, to the best knowledge of the Company, has there occurred any event or does there exist any
condition on the basis of which any litigation, proceeding or investigation might properly be instituted.  The Company
is not in default with respect to any order, writ, injunction, decree, ruling or decision of any court, commission, board or other
government agency, which such default might have a material adverse effect on the business, assets, liabilities, operations, Intellectual
Property Rights, (as defined hereinafter) management or financial condition of the Company.  There are no actions or
proceedings pending or, to the Company’s knowledge, threatened (or any basis therefor known to the Company) against the
Company which might result, either in any case or in the aggregate, in any material adverse change in the business, operations,
Intellectual Property Rights, affairs or financial condition of the Company or in any of its properties or assets, or which might
call into question the validity of any of the Transaction Documents, any of the Shares, or any action taken or to be taken pursuant
hereto or thereto.

 

    	 

    	 

    

 

3.5 Compliance with Other Instruments.  The
Company is in compliance in all respects with its Certificate of Incorporation and Bylaws, each as amended and/or restated to
date, and in all respects with the material terms and provisions of all mortgages, indentures, leases, agreements and other instruments
by which it is bound or to which it or any of its properties or assets are subject.  The Company is in compliance in
all material respects with all judgments, decrees, governmental orders, laws, statutes, rules or regulations by which it is bound
or to which it or any of its properties or assets are subject.  Neither the execution and delivery of the Transaction
Documents nor the issuance of the Shares, nor the consummation or performance of any transaction contemplated hereby or thereby,
has constituted or resulted in or will constitute or result in a default or violation of, create a conflict with, trigger any
“change of control” or other right of any person under, or require any consent, waiver, release or approval under
or with respect to, any term or provision of any of the foregoing documents, instruments, judgments, agreements, decrees, orders,
statutes, rules and regulations.

 

3.6 Disclosure.  There
is no fact within the knowledge of the Company or any of its executive officers which has not been disclosed herein or in writing
by them to each Purchaser and which materially adversely affects, or in the future in their opinion may, insofar as they can now
foresee, materially adversely affect the business, operations, properties, Intellectual Property Rights, assets or condition,
financial or other, of the Company.  Without limiting the foregoing, the Company has no knowledge that there exists,
or there is pending or planned, any patent, invention, device, application or principle or any statute, rule, law, regulation,
standard or code which would materially adversely affect the business, operations, Intellectual Property Rights, affairs or financial
condition of the Company.

 

3.7 Brokers or Finders.  No
person has or will have, as a result of the transactions contemplated by this Agreement, any right, interest or valid claim against
or upon each Purchaser for any commission, fee or other compensation as a finder or broker because of any act or omission by the
Company or its respective agents.

 

3.8 Refusal of Registration.  The
parties hereby acknowledge and agree that the Company shall be required, as a term of this contract, to refuse to register any
transfer of the Shares not made in accordance with Rule 144 of the Securities Act, or pursuant to Registration, or another exemption
from registration under the Securities Act.

 

ARTICLE IV

MISCELLANEOUS

 

4.1 Waiver; Cumulative Remedies.  No
failure or delay on the part of any party to this Agreement in exercising any right, power or remedy hereunder shall operate as
a waiver thereof; nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise
thereof or the exercise of any other right, power or remedy hereunder.  The remedies herein provided are cumulative
and not exclusive of any remedies provided by law.

 

4.2 Amendments; Waivers and Consents.  Any
provision in the Agreement to the contrary notwithstanding, and except as hereinafter provided, changes in, termination or amendments
of or additions to this Agreement may be made, and compliance with any covenant or provision set forth herein may be omitted or
waived, if either Party shall obtain consent thereto in writing from the other Party.  Any waiver or consent may be
given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given.

 

4.3 Addresses for Notices.  Any
notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified
mail, return receipt requested, or delivered against receipt to Company and/or to each Purchaser.  Any notice or other
communication given by certified mail shall be deemed given at the time of certification thereof, except for a notice changing
a party’s address which shall be deemed given at the time of receipt thereof.

 

4.4 Costs; Expenses and Taxes.   Upon
execution of this Agreement and with each delivery of the Purchase Price as set forth in 1.3, the Company shall pay no monies
in the aggregate, to cover fees and disbursements of counsel to each Purchaser incurred in connection with the negotiation, drafting
and completion of the Transaction Documents and all related matters. The Company shall pay any and all stamp, or other similar
taxes payable or determined to be payable in connection with the execution and delivery of this Agreement, the issuance of any
securities and the other instruments and documents to be delivered hereunder or thereunder, and agrees to save each Purchaser
harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such
taxes.

 

    	 

    	 

    

 

4.5 Effectiveness; Binding Effect;
Assignment.  This Agreement shall be binding upon and inure to the benefit of the Company, each Purchaser and the
respective successors and assigns.

 

4.6 Survival of Representations and
Warranties.  All representations and warranties made in the Transaction Documents, the Shares, or any other instrument
or document delivered in connection herewith or therewith, shall survive the execution and delivery hereof or thereof.

 

4.7 Severability.  The
provisions of the Transaction Documents are severable and, in the event that any court of competent jurisdiction shall determine
that any one or more of the provisions or part of a provision contained therein shall, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision
or part of a provision of such Transaction Document and the terms of the Shares shall be reformed and construed as if such invalid
or illegal or unenforceable provision, or part of a provision, had never been contained herein, and such provisions or part reformed
so that it would be valid, legal and enforceable to the maximum extent possible.

 

4.8 Governing Law; Jurisdiction.

 

(a) This Agreement shall be enforced,
governed and construed in accordance with the laws of the State of California without giving effect to choice of laws principles
or conflict of laws provisions. Any suit, action or proceeding pertaining to this Agreement or any transaction relating hereto
shall be brought in the State of California and the undersigned hereby irrevocably consents and submits to the jurisdiction of
such courts for the purpose of any such suit, action, or proceeding.  

 

(b) Each Purchaser hereby waives, and
agrees not to assert against the Company, or any successor assignee thereof, by way of motion, as a defense, or otherwise, in
any such suit, action or proceeding, (i) any claim that each Purchaser is not personally subject to the jurisdiction of the above-named
courts, and (ii) to the extent permitted by applicable law, any claim that such suit, action or proceeding is brought in an inconvenient
forum or that the venue of any such suit, action or proceeding is improper or that this Agreement may not be enforced in or by
such courts.

 

4.9 Headings.  Article,
section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute
a part of this Agreement for any other purpose.

 

4.10 Counterparts.  This
Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument,
and any of the parties hereto may execute this Agreement by signing any such counterpart.

 

4.11 Further Assurances.  From
and after the date of this Agreement, upon the request of each Purchaser or the Company, the Company and each Purchaser shall
execute and deliver such instruments, documents and other writings as may be reasonably necessary or desirable to confirm and
carry out and to effectuate fully the intent and purposes of the Transaction Documents and the Shares.

 

-Signature Page to
Follow-

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed as of the date first above written.

 

COMPANY

 

San Lotus Holding Inc.

 

	By:	/s/
    Chen Li Hsing 	 
	Name:
    Chen Li Hsing
	Title:
    President

 

PURCHASERS

 

	/s/
    Tiffany Su Ting Liu	 	/s/
    Kuang Ming Ho
	Name: Liu, Tiffany Su Ting	 	Name: Ho, Kuang Ming
	Address:  1435 S.  Budlong Ave,	 	Address:  1435 S. Budlong Ave,
	Gardena, CA 90247	 	Gardena, CA 90247
	ID No.:	 	ID No.:
	Shares Purchased: 882,353	 	Shares Purchased: 352,942
	 	 	 
	/s/ Chi Ping Wong	 	/s/ Chel Chan Wong
	Name: Wong, Chi Ping	 	Name: Wong, Chel Chan
	Address:  2420 Willowbrook Dr,	 	Address: 2420 Willowbrook Dr,
	Matthews, NC 28104	 	Matthews, NC 28104
	ID No.:	 	ID No.:
	Shares Purchased: 176,470	 	Shares Purchased: 176,470
	 	 	 
	/s/ An York Lee	 	/s/
    Tseng Shih-Tao
	Name: Lee, An York	 	Name: Tseng, Shih-Tao
	Address: 20524 Gernside Dr,	 	Address: 7 F, No. 49, Lane 160, JianCheng Rd,

	Walnut, CA 91789  	 	Shijr City, Taipei 221, Taiwan, (R.O.C.) 

	ID No.:	 	ID No.:
	Shares Purchased: 88,235	 	Shares Purchased: 64,690
	 	 	 
	/s/ Tseng Shih-Chun	 	/s/ Jerry Hsu Chang
	Name: Sonic Investment Holding Inc.	 	Name: Chang, Jerry Hsu
	Representative: Tseng, Shih-Chun	 	Address:  1435  S. Budlong Ave,
	Address: 7 F, No. 49, Lane 160, JianCheng Rd,
	 	Gardena, CA 90247
	Shijr City, Taipei 221, Taiwan, (R.O.C.) 	 	 
	ID No.:	 	ID No.:
	Shares Purchased: 200,016	 	Shares Purchased: 1,058,824

 

    	 

    	 

    

 

Schedule A

 

List of Investors and Holdings

 

	Purchaser	 	Amount of Shares	 	 	Purchase Amount (USD)	 
	 	 	 	 	 	 	 
	Liu, Tiffany Su Ting	 	 	882,353	 	 	$	88,353.30	 
	 	 	 	 	 	 	 	 	 
	Ho, Kuang Ming	 	 	352,942	 	 	$	35,294.20	 
	 	 	 	 	 	 	 	 	 
	Wong, Chi Ping	 	 	176,470	 	 	$	17,647.00	 
	 	 	 	 	 	 	 	 	 
	Wong, Chel Chan	 	 	176,470	 	 	$	17,647.00	 
	 	 	 	 	 	 	 	 	 
	Lee, An York	 	 	88,235	 	 	$	8,823.50	 
	 	 	 	 	 	 	 	 	 
	Tseng, Shih-Tao	 	 	64,690	 	 	$	6,469.00	 
	 	 	 	 	 	 	 	 	 
	Sonic Investment Holding Inc.	 	 	200,016	 	 	$	20,001.60	 
	 	 	 	 	 	 	 	 	 
	Chang, Jerry Hsu	 	 	1,058,824	 	 	$	105,882.40	 
	 	 	 	 	 	 	 	 	 
	Total:	 	 	3,000,000	 	 	$	300,000.00REGULATION D SUBSCRIPTION AGREEMENT

 

The undersigned (each a “Subscriber”
and collectively the “Subscribers”) and San Lotus Holding Inc. (the “Company”), a Nevada corporation having
offices at 3F-B302D, No. 185, Kewang Road, Longtan Township, Taoyuan County 325, Taiwan, enter this Subscription Agreement on October
29, 2013. The parties mutually agree as follows:

 

		1.	Subscription and
terms of Shares.

 

		1.1	Subscription. The Subscribers hereby
subscribes to purchase from the Company an aggregate of US$33,333.30 or 333,333 shares (the “Shares”), of the Company’s
common stock, par value $0.1 per share, (the “Common Stock”) at a per share purchase price which shall be $0.1 per
share (the “Purchase Price”).

 

		1.2	Acceptance or Rejection of Subscription. The Company in its sole discretion reserves the
right to accept or reject this subscription for the Shares, in whole or in part, before receipt by the Company of the Purchase
Price. Upon the Company accepts this subscription, this subscription becomes irrevocable. The specific number of Shares that each
Subscriber will purchase is set forth in Schedule A attached hereto.

 

		2.	Closing. If the Company has not received and accepted subscriptions and the closing
date is not extended in the sole discretion of the Company for up to an additional ninety (90) days (the "Closing Date"),
the Offering ends and any unaccepted investments in the possession of the Company, along with all Subscription Documents, shall
be promptly returned to the Subscriber.

 

		3.	Representations and Warranties of
Each Subscriber.
Each Subscriber hereby represents, warrants, and covenants as follows:

 

		3.1	Access to Information. Each Subscriber, in making the decision to purchase the Shares, relied
solely on independent investigations made by it and/or its representatives, if any. Each Subscriber and/or its representatives
during the course of this transaction, and before the purchase of any Shares, has had the opportunity to ask questions of and receive
answers from the management of the Company concerning the terms and conditions of the offering of the Shares and to receive any
additional information, documents, records and books relative to its business, assets, financial condition, results of operations
and liabilities (contingent or otherwise) of the Company;

 

		3.2	Sophistication and Knowledge. Each Subscriber and/or its representatives has such knowledge
and experience in financial and business matters that it can represent itself and is capable of evaluating the merits and risks
of the purchase of the Shares. Each Subscriber is not relying on the Company with respect to the tax and other economic considerations
of an investment in the Shares, and each Subscriber has relied on the advice of, or has consulted with, only the Subscriber's own
advisor(s);

 

		3.3	Lack of Liquidity. The
purchase of the Shares involves a high degree of risk. Each Subscriber can bear the economic risk of the purchase of the Shares,
including the total loss of its investment. Each Subscriber has no present need for liquidity in connection with its purchase of
the Shares;

 

		3.4	Authority. Each Subscriber has the full right and power to enter into and perform pursuant
to this Agreement and to make an investment in the Company, and this Agreement constitutes each Subscriber’s valid and legally
binding obligation, enforceable in accordance with its terms. Each Subscriber is authorized and otherwise duly qualified to purchase
and hold the Shares and to enter into this Agreement;

 

    	1

    	 

    

 

		3.5	Regulation D Exemption. Each Subscriber
acknowledges that the Shares are being offered and sold to it in reliance on specific exemptions from the registration requirements
of U.S. federal and state securities laws under Section 4(2) of
the Securities Act and/or the provisions of Rule 506 of Regulation D promulgated by the U.S. Securities and Exchange Commission
under the Securities Act of 1933, as amended. And, the Company is relying upon the truth and accuracy of the representations, warranties,
agreements acknowledgments and understandings of each Subscriber set forth in this Agreement and Investor Questionnaire in order
to determine the applicability of such exemptions and the suitability of the Subscriber to acquire the Shares. In this regard,
each Subscriber further represents, warrants and agrees that:

 

		a.	No Public Solicitation. The Common Shares were not offered to the Subscribers through, and
each Subscriber does not aware of, any form of general solicitation or general advertising, including, without limitation:

 

		(1)	any advertisement, articles, notice or other communication published in any newspaper, magazine
or similar media or broadcast over television or radio, and

 

		(2)	any seminar or meeting whose attendees have been invited by any general solicitation or general
advertising;

 

		b.	Investment Only. Each Subscriber is acquiring Shares for its own account and not for the
account of others and for investment purposes only.

 

		c.	Restriction to Transfer of Shares.

 

		(1)	The Shares are not registered and therefore are “restricted securities” under the federal
securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering. The Subscribers
must not offer, resell, pledge or otherwise transfer the Shares except through registration under all applicable federal and state
securities laws or an available exemption therefrom.

 

		(2)	The Company has no obligation to register the resale of the Securities pursuant to the Securities
Act or to otherwise qualify the Securities for resale under any federal, state or provincial securities laws. In this regard, each
Subscriber represents that it is familiar with Rule 144 under the Securities Act, as presently in effect, and understands the resale
limitations imposed thereby and by the Securities Act;

 

		(3)	Each Subscriber understands that the shares subject to this Subscription Agreement will be registered
under a Registration Statement on Form S-1, filed with the Securities and Exchange Commission, however, until such Registration
Statement has been declared effective by the Securities and Exchange Commission, a legend shall be placed on any certificate representing
the Shares substantially as follows:

 

THIS SECURITY HAS NOT BEEN REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES OR BLUE SKY LAWS OF ANY STATE AND MAY BE OFFERED AND SOLD ONLY
IF REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF UNITED STATES FEDERAL AND STATE SECURITIES OR BLUE SKY LAWS
OR IF AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION IS APPLICABLE;

 

		3.6	Standing of the Subscriber. 

 

		a.	If the Subscriber is a corporation, it is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation, and if the Subscriber is a partnership or other organization, it is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization;

 

		b.	If the Subscriber is a corporation, the execution, delivery and performance of this Agreement has
been duly authorized by all necessary corporate action;

 

		c.	If the Subscriber is a partnership or other organization, all governing documents necessary to
enter into this Agreement and to consummate the transactions contemplated hereby, and all necessary consents and approvals required
by the partnership agreement or other governing documents have been obtained; and

 

    	2

    	 

    

 

		d.	For both corporations and partnerships, this Agreement constitutes a legal, valid and binding obligation
of the Subscriber, enforceable against the Subscriber in accordance with its terms, except to the extent that enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights generally.

 

		4.	Company’s Representations and Warranties. The Company represents and warrants
to the undersigned as follows:

 

		4.1	Organization of the Company. The Company is a corporation duly organized and validly existing
and in good standing under the laws of the State of Nevada.

 

		4.2	Authority. 

 

		a.	The Company has the requisite corporate power and authority to enter into and perform its obligations
under this Agreement and to issue the Shares;

 

		b.	the execution and delivery of this Agreement by the Company and the consummation by it of the transactions
contemplated hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization
of the Company or its Board of Directors or stockholders is required; and

 

		c.	this Agreement has been duly executed and delivered by the Company and constitutes a valid and
binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may
be limited by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors'
rights and remedies or by other equitable principles of general application.

 

		4.3	Exemption from Registration; Valid Issuances. The sale and issuance of the Shares, in accordance
with the terms and on the bases of the representations and warranties of the undersigned set forth herein, may and shall be properly
issued by the Company to the undersigned pursuant to any applicable federal or state law. When issued and paid for as herein provided,
the Shares shall be duly and validly issued, fully paid, and nonassessable. Neither the sales of the Shares pursuant to, nor the
Company's performance of its obligations under, this Agreement shall:

 

		a.	result in the creation or imposition of any liens, charges, claims or other encumbrances upon the
Shares or any of the assets of the Company, or

 

		b.	entitle the other holders of the Common Stock of the Company to preemptive or other rights to subscribe
to or acquire the Common Stock or other securities of the Company. The Shares shall not subject the undersigned to personal liability
by reason of the ownership thereof.

 

		4.4	No General Solicitation or Advertising in Regard to this Transaction. Neither the Company nor any
of its affiliates nor any person acting on its or their behalf (i) has conducted or will conduct any general solicitation (as that
term is used in Rule 502(c) of Regulation D) or general advertising with respect to any of the Shares, or (ii) made any offers
or sales of any security or solicited any offers to buy any security under any circumstances that would require registration of
the Common Stock under the Securities Act.

 

		5.	Indemnity by the Subscriber. Each Subscriber shall indemnify and hold harmless the
Company and all of its directors, officers, agents and employees from any and all damages, losses, costs and expenses (including
reasonable attorneys' fees) which they may incur:

 

		a.	by reason of the Subscriber's failure to fulfill any of the terms and conditions of this Agreement;

 

		b.	by reason of the Subscriber's breach of any of the Subscriber's representations, warranties or
agreements contained herein or in the Investor Questionnaire; and/or

 

    	3

    	 

    

 

		c.	with respect to any and all claims made by or involving any person, other than the Subscriber,
claiming any interest, right, title, power or authority regarding the Subscriber's purchase of Shares. The Subscribers further
agree and acknowledge that this indemnification agreement shall survive any sale or transfer, or attempted sale or transfer, of
any portion of the Subscriber's Shares or upon the Subscriber's death.

 

		6.	Waiver and Cumulative Remedies. No failure or delay on the part of any party to this
Agreement in exercising any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right,
power or remedy hereunder. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

 

		7.	Amendments. Any provision in the Agreement to the contrary notwithstanding, and except
as hereinafter provided, changes in, termination or amendments of or additions to this Agreement may be made, and compliance with
any covenant or provision set forth herein may be omitted or waived, if either Party shall obtain consent thereto in writing from
the other Party. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given.

 

		8.	Addresses for Notices. Any notice or other communication required or permitted to
be given hereunder shall be in writing and shall be mailed by certified mail, return receipt requested, or delivered against receipt
to the Company and/or to the Subscriber. Any notice or other communication given by certified mail shall be deemed given at the
time of certification thereof, except for a notice changing a party’s address which shall be deemed given at the time of
receipt thereof.

 

		9.	Costs and Taxes.

 

		a.	Upon execution of this Agreement and with each delivery of the Purchase Price as set forth in 1.1,
the Company shall pay no monies in the aggregate, to cover fees and disbursements of counsel to each Subscriber incurred in connection
with the negotiation, drafting and completion of this Agreement and all related matters.

 

		b.	The Company shall pay any and all stamp, or other similar taxes payable or determined to be payable
in connection with the execution and delivery of this Agreement, the issuance of any securities and the other instruments and documents
to be delivered hereunder or thereunder, and agrees to save the Subscribers harmless from and against any and all liabilities with
respect to or resulting from any delay in paying or omission to pay such taxes.

 

		10.	Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the Company, the Subscribers and their respective successors and assigns.

 

		11.	Survival of Representations and Warranties. All representations and warranties made
in this Agreement, the Shares, or any other instrument or document delivered in connection herewith or therewith, shall survive
the execution and delivery hereof or thereof.

 

		12.	Entire Agreement. This Agreement constitute the entire agreement between the parties
with respect to the subject matter set forth herein and supersede any prior understandings or agreements concerning the subject
matter hereof.

 

		13.	Severability. The provisions of this Agreement are severable and, in the event that
any court of competent jurisdiction shall determine that any one or more of the provisions or part of a provision contained therein
shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision or part of a provision of this Agreement and the terms of the Shares shall be reformed and
construed as if such invalid or illegal or unenforceable provision, or part of a provision, had never been contained herein, and
such provisions or part reformed so that it would be valid, legal and enforceable to the maximum extent possible.

 

    	4

    	 

    

 

		14.	Governing Law and Venue. 

 

		a.	This Agreement shall be enforced, governed and construed in accordance with the laws of the State
of Nevada without giving effect to choice of laws principles or conflict of laws provisions. Any suit, action or proceeding pertaining
to this Agreement or any transaction relating hereto shall be brought in the State of Nevada and the undersigned hereby irrevocably
consents and submits to the jurisdiction of such courts for the purpose of any such suit, action, or proceeding.

 

		b.	Each Subscriber hereby waives, and agrees not to assert against the Company, or any successor assignee
thereof, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, (i) any claim that the Subscriber
is not personally subject to the jurisdiction of the above-named courts, and (ii) to the extent permitted by applicable law, any
claim that such suit, action or proceeding is brought in an inconvenient forum or that the venue of any such suit, action or proceeding
is improper or that this Agreement may not be enforced in or by such courts.

 

		15.	Headings. Article, section and subsection headings in this Agreement are included
herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

 

		16.	Counterparts. This Agreement may be executed in any number of counterparts, all of
which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Agreement by
signing any such counterpart.

 

		17.	Further Assurances. From and after the date of this Agreement, upon the request of
any Subscriber or the Company in this Agreement, the Company and the Subscriber shall execute and deliver such instruments, documents
and other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and
purposes of this Agreement and the Shares.

 

		18.	Legal Representation/Conflict of Interest. Each Subscriber, by executing this
Subscription Agreement acknowledges, represents and agrees that:

 

		a.	the Company has retained legal counsel to represent it in connection with the preparation of this
Subscription Agreement;

 

		b.	such legal counsel has prepared such documents with a view to the interests of the Company only
and has not undertaken to represent the interest of any Subscriber and that no attorney-client relationship or fiduciary duty exists
between such legal counsel and any Subscriber, notwithstanding that the Subscribers' investment may pay, directly or indirectly,
for such legal services;

 

		c.	each Subscriber has been advised to have such legal documents reviewed by the Subscriber's own
independent attorney and/or other advisors; and

 

		d.	the services performed by such legal counsel have been limited to the preparation of such documentation
at the request and direction of the Company and such legal counsel has not undertaken to conduct any investigation whatsoever concerning
the facts, risks or circumstances concerning or relating to the investment and/or the background or financial qualifications of
the Company.

 

    	5

    	 

    

 

Type of Ownership (Check one)

 

		x	INDIVIDUAL
OWNERSHIP (One signature required)

 

		 ̈	COMMUNITY PROPERTY (One signature
required if interest held in one name, i.e. managing spouse; two signatures required if interest held in both names)

 

		 ̈	JOINT
TENANTS WITH RIGHT OF SURVIVORSHIP (both
or all parties must sign)

 

		 ̈	CORPORATION
(Please include certified Corporate Resolution authorizing signature)

 

		 ̈	TRUST
(Please include a copy of the Trust Agreement)

 

		 ̈	PARTNERSHIP (Please include a copy of the Statement of the
Statement of Partnership Agreement authorizing signature)

 

Social Security/ Taxpayer Identification Number

 

	 	 	 
	Subscriber	 	Joint Subscriber

 

	Megan Joi Penick
	 [Please print above the exact name(s) in which the Shares is to be held]

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be executed as of the date first above written.

 

	SUBSCRIBER(S):
	 
	By:	/s/ Megan J. Penick
	 	Megan Joi Penick
	 	Address: 89 Cranbrook Court
	 	Holmdel, NJ 07733
	 	USA
	Telephone:
	Shares Purchased: 333,333

 

ACCEPTANCE BY THE COMPANY:

 

	San Lotus Holding Inc.
	 
	By:	/s/ Chen Li Hsing
	 	Name: Chen Li Hsing
	 	Title: Chairman of the Board
	 	Address: 3F B302C, No. 185 Kewang Road
	 	Longtan Township, Taoyuan County 325
	 	Taiwan (R.O.C.)

 

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Schedule A

 

PURCHASER LIST

 

	Purchaser	 	Amount of Shares	 	 	Purchase Amount (USD)	 
	Megan Joi Penick	 	 	333,333	 	 	 	33,333.30	 

 

    	7

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