Document:

Exhibit 10.4

 

Line No.:

 

 

Promissory
Note

 

 

		I.	The CTBC Bank or its designated representative with this
note shall be unconditionally paid NTD 150,000,000 on (MM)     (DD),     (YY).

 

		II.	Beginning at the date of issuance, the note shall:
 ☐ be paid with interest on a monthly basis at an annual fixed interest rte of %.

                                                                                ☐ be paid with interest on a monthly basis at an annual rate of benchmark
                                                                                interest rate % fixed or adjusted at any time by the CTBC Bank plus annual interest %.

                                                                                ☒ be paid with interest at the
                                                                                rate agreed individually.

 ☐Other:

 

		III.	For any installment repayment delayed for a period of less than 180 days
                                                                               (inclusive): the repayment amount due in that period (including the amortized principal +
                                                                               interest due) x agreed interest rate x days delayed / 365 days x 1.1. For any repayments delayed for more than 180
                                                                               days: the repayment amount due in that period (including the amortized principal + interest due) x agreed
                                                                               interest rate x days delayed / 365 days x 1.2. For failure of any repayment of principal when due for less than 180 days
                                                                               (inclusive): the total outstanding unpaid principal on the maturity date x agreed interest rate x days
                                                                               defaulted / 365 days x 0.1. For failure of any repayment of principal when due for more than 180 days: the total outstanding
                                                                               unpaid principal on the maturity date x agreed interest rate x days defaulted / 365 days x 0.2.

 

		IV.	The note shall be deemed as the certificate of protest
waived, and shall be deemed as an exemption from the notification obligation under Clause 89 of Law of Negotiable Instruments.

 

		V.	Place of payment: CTBC Bank Co., Ltd. Dunbei Branch.

 

		VI.	The foreign currency of the note shall be changed into
TWD referring to the current rate at the date of redemption at Branch of Bank.

 

	Drawer:	Person in charge:	(Signature and seal)
	 	 	 
	Drawer:	Person in charge:	(Signature and seal)
	 	 	 
	Drawer:	Person in charge:	(Signature and seal)
	 	 	 
	Drawer: 
	Person in charge:	(Signature and seal)
	 	 	 
	Drawer:	Person in charge:	(Signature and seal)

 

11th December, 2018

 

 

	Director	Check
	 	 

 

	Pay
                                         the face amount to or its designated representative.

        Endorsor 

        Address

        Year     Month     Date
	 
(Signature and seal)
	Promissory
                                         note guarantor 

        Address

        Year     Month     Date
	(Signature and seal)
	Promissory
                                         note guarantor 

        Address

        Year     Month     Date
	(Signature and seal)EXHIBIT
10.1

 

LOAN
AGREEMENT AND PROMISSORY NOTE

 

THIS
LOAN AGREEMENT AND PROMISSORY NOTE (the “Note”), is made this 11th day of December, 2018, by and among Global Payroll
Gateway, Inc. a corporation organized under the laws of the State of California (hereinafter, known as “LENDER”) and
Sharing Services Inc., a Corporation organized under the laws of the State of Texas whose Federal Tax ID is 30-0869786 and its
wholly owned subsidiaries Webpreneur, LLC, Elevacity Global LLC and any future wholly owned subsidiaries (hereinafter, known as
“BORROWER”). BORROWER and LENDER shall collectively be known herein as “the Parties”. In determining the
rights and duties of the Parties under this Loan Agreement, the entire document must be read as a whole.

 

PROMISSORY
NOTE

 

FOR
VALUE RECEIVED, BORROWER promises to repay to the order of LENDER, the sum of $1,000,000 (One Million) dollars together with interest
thereon at a rate of 10 percent (10%) per annum.

 

ADDITIONAL
LOAN TERMS

 

The
BORROWER and LENDER, hereby further set forth their rights and obligations to one another under this Loan Agreement and Promissory
Note and agree to be legally bound as follows:

 

A.
Principal Loan Amount: $1,000,000 (One Million) dollars

 

B.
Term of Loan: one year

 

C.
Exclusivity of service:

 

BORROWER
agrees that as a material inducement, in addition to the interest paid on this loan and as partial security for this loan, that
LENDER shall serve as the exclusive provider of payment services to BORROWER for as long as LENDER is able to provide payment
services. This exclusivity does not extend to payment services that LENDER cannot or will not provide and does not extend to services
that the BORROWER currently has in place.

 

D.
Loan Repayment Terms:

 

BORROWER
will make payments to LENDER each week per the schedule attached hereto as Schedule I.

 

E.
Prepayment options:

 

BORROWER
may at its discretion pay outstanding Principal at any time with no penalty.

 

F.
Method of Loan Payment:

 

The
LENDER shall post weekly payments for Principal and Interest separately into the GPG Payout Account that BORROWER maintains with
LENDER.

 

G.
Default:

 

The
occurrence of any of the following events shall constitute a Default by the BORROWER of the terms of this loan agreement and promissory
note:

 

	 	1-	BORROWER’S
    failure to pay any amount due as principal or interest on the date required under this loan agreement.
	 	 	 
	 	2-	BORROWER
    seeks an order of relief under the Federal Bankruptcy laws.
	 	 	 
	 	3-	A
    federal tax lien is filed against the assets of BORROWER.

 

    	 

    	 

    

 

	 	4-	BORROWERS
    credit card processing Chargeback Ratio (number of credit card Chargebacks divided into the total number of credit card Sale
    transactions in a calendar month) for the month of December exceeds 0.75%
	 	 	 
	 	5-	BORROWERS
    credit card processing Chargeback Ratio for the month of January exceeds 0.50%

 

H.
Additional Provisions Regarding Default:

 

	 	1-	Cure
    of Default. Upon default, LENDER shall give BORROWER written notice of default via delivered email, which shall constitute
    prima facie evidence of delivery. BORROWER shall have 5 days after receipt of written notice of default from LENDER to cure
    defaults related to items G1, G2 and G3. BORROWER shall have 30 days after receipt of written notice of default from LENDER
    to cure defaults related to items G4 and G5. In the case of any default, LENDER may at its discretion: (i) charge the full
    outstanding Principal at the time of default to the GPG Payout Account that BORROWER maintains with LENDER; or (ii) charge
    a partial portion of the outstanding Principal at the time of default to the GPG Payout Account that BORROWER maintains with
    LENDER. 
	 	 	 
	 	2-	Penalty
    for Late Payment. There shall also be imposed upon BORROWER a 1.5% penalty for any late payment computed upon the amount
    of any principal and accrued interest whose payment to LENDER is overdue under this loan agreement and for which LENDER has
    delivered a notice of default to BORROWER.
	 	 	 
	 	3-	Indemnification
    of Attorney’s Fees and Out-of-Pocket Costs. Should any party materially breach this agreement, the non-breaching
    party shall be indemnified by the breaching party for its reasonable attorney’s fees and out-of-pocket costs which in
    any way relate to, or were precipitated by, the breach of this agreement. The term “out-of-pocket costs”, as used
    herein, shall not include lost profits. A default by BORROWER which is not cured within 5 days after receiving a written notice
    of default from LENDER constitutes a material breach of this agreement by BORROWER.

 

I.
Notices:

 

If
to BORROWER: legal@shrvinc.com, JT@shrvinc.com

 

If
to LENDER: compliance@gpgway.com

 

J.
Parties That Are Not Individuals:

 

If
any Party to this agreement is other than an individual (i.e., a corporation, a Limited Liability Company, a Partnership, or a
Trust), said Party, and the individual signing on behalf of said Party, hereby represents and warrants that all steps and actions
have been taken under the entity’s governing instruments to authorize the entry into this Loan Agreement. Breach of any
representation contained in this paragraph is considered a material breach of the Loan Agreement.

 

K.
Integration:

 

This
Agreement, including the attachments mentioned in the body as incorporated by reference, sets forth the entire agreement between
the Parties with regard to the subject matter hereof. All prior agreements, representations and warranties, express or implied,
oral or written, with respect to the subject matter hereof, are superseded by this agreement.

 

L.
Severability:

 

In
the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from
the remainder of this Agreement so as not to cause the invalidity or unenforceability of the remainder of this Agreement. All
remaining provisions of this Agreement shall then continue in full force and effect. If any provision shall be deemed invalid
due to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law.

 

    	 

    	 

    

 

M.
Assignments:

 

The
rights and obligations of either party under this Agreement are not assignable to a third person, without the prior written consent
of the other party.

 

N.
Amendments:

 

Any
amendments to this Agreement, as well as any additions or deletions, shall be agreed in writing by both the Parties.

 

O.
Modification:

 

Except
as otherwise provided in this document, this agreement may be modified, superseded, or voided only upon the written and signed
agreement of the Parties. Further, the physical destruction or loss of this document shall not be construed as a modification
or termination of the agreement contained herein.

 

P.
Exclusive Jurisdiction for Suit in Case of Breach:

 

The
Parties, by entering into this agreement, submit to jurisdiction in State of California for adjudication of any disputes and/or
claims between the Parties under this agreement. Furthermore, the Parties hereby agree that the courts of State of California
shall have exclusive jurisdiction over any disputes between the parties relative to this agreement, whether said disputes sounds
in contract, tort, or other areas of the law.

 

L.
State Law:

 

This
Agreement shall be interpreted under, and governed by, the laws of the State of California.

 

IN
WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, BORROWER and LENDER affix their signatures hereto.

 

	LENDER:
    Global Payroll Gateway, Inc.	 	Borrower:
    Sharing Services, Inc. 
	 	 	 
	By: 	 	 	By: 	 
	 	Jamsheed
    Amirie	 	 	John “JT”
    Thatch
	Its:
    	CEO	 	Its:	CEO 
	Date:
    	December
    11, 2018	 	Date:	December 11, 2018

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