Document:

GREEN FOREST MANAGEMENT CONSULTING INC.

 

PROMISSORY NOTE

 

TWD $53,238,851

 

Dated: October 29, 2013

 

For value received, and pursuant to the Land Sale and Purchase
Agreement dated October 29, 2013, Green Forest Management Consulting Inc. promises to pay the sellers of certain lots of land
in Xinpi Township, Pingtung County 925, Taiwan (R.O.C.), Yu Chien-Yang and Da Chuang Business Management Consulting Co., Ltd. (together,
the “Xinpi Land Sellers”) the sum of Fifty Three Million Two Hundred Thirty Eight Thousand Eight Hundred Fifty One
New Taiwan Dollars (TWD $53,238,851). Each of the Xinpi Land Sellers’ ownership interests in this Promissory Note is detailed
on Annex A to this Promissory Note.

 

The sum shall be repaid to the Xinpi Land Sellers on or before
December 31, 2013 according to the instructions of the Xinpi Land Sellers.

 

	 	Green Forest Management Consulting Inc.	 
	 	 	 	 
	 	By:	/s/ Chiang Yu-Chang	 
	 	 	Chiang Yu-Chang	 
	 	 	Chairman of the Board	 
	 	 	Green Forest Management Consulting Inc. 	 
	 	 	Rm. B302C, 3F.-2, No. 185, Kewang Rd.	 
	 	 	Longtan Township, Taoyuan County 325	 
	 	 	Taiwan (R.O.C.)	 

 

    	 

    	 

    

 

Annex A

 

PROMISSORY NOTE HOLDERS

 

	Note Holder	 	Land Lot #	 	Total Area of
 Registered Land (m2)	 	 	Value of Interest (TWD)	 
	Yu Chien-Yang	 	1075, 1076, 1080, 1083, 1090	 	 	21,334.99 m2	 	 	TWD $	38,723,007	 
	 	 	 	 	 	 	 	 	 	 	 
	Da Chuang Business Management Consulting Co., Ltd.	 	1043, 1044-1, 1044-4, 1083-1, 1083-2, 1084, 1088-1	 	 	7,997.71 m2	 	 	TWD $	14,515,844	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total:	 	 	29,332.7 m2	 	 	TWD $	53,238,851AGREEMENT OF ASSIGNMENT, ASSUMPTION AND
RELEASE

 

THIS AGREEMENT is effective as of the 29th day of October,
2013, by and among:

 

San Lotus Holding Inc., a Nevada corporation (the “Assuming
Party”);

 

Green Forest Management Consulting Inc. (the “Debtor”);
and

 

The Creditors (the “Creditors”) listed on Exhibit
A hereto.

 

WHEREAS, the Debtor is indebted to the Creditors under a promissory
note in the aggregate principal sum of Fifty Three Million Two Hundred Thirty Eight Thousand Eight Hundred Fifty One New Taiwan
Dollars (TWD $53,238,851), identified in Exhibit B hereto (referred to as the “Liabilities”).

 

WHEREAS, the Debtor wishes to assign and delegate its obligations
under these Liabilities to the Assuming Party and the Assuming Party wishes to assume the obligations under the Liabilities.

 

NOW THEREFORE, in consideration of the mutual covenants hereinafter
provided and other valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree:

 

		1.	Assignment of the Liabilities. The Debtor assigns its rights and delegates the performance of all of its duties, liabilities
and obligations under the Liabilities to the Assuming Party.

		2.	Assumption of the Liabilities. The Assuming Party assumes and agrees with the Debtor and the Creditor to fully and faithfully
discharge and perform all duties, liabilities and obligations of the Debtor under the Liabilities.

		3.	Approval of Assignment and Assumption. The Creditors (a) approve, consent to, and accept the assignment and delegation
by the Debtor and to the Assuming Party for the payment and the performance of the Liabilities; and (b) forever release and discharge
the Debtor from the Liabilities.

 

IN WITNESS WHEREOF, the parties
hereto have set their hands.

 

	San Lotus Holding Inc.	 	 
	 	 	 
	By:	/s/ Chen Li Hsing	 	/s/
    Yu Chien-Yang
	 	Chen Li Hsing	 	Yu Chien-Yang
	 	Chairman of the Board	 	 
	 	 	 
	Green Forest Management Consulting Inc.	 	Da Chuang Business Management Consulting Co., Ltd.
	 	 	 	 
	By:	/s/ Chiang Yu-Chang	 	By:	/s/ Chen Kuan-Yu
	 	Chiang Yu-Chang	 	 	Chen Kuan-Yu
	 	Chairman of the Board	 	 	Chairman of the Board

 

    	 

    	 

    

 

Exhibit A

 

PROMISSORY NOTE HOLDERS

 

	Note Holder	 	Land Lot #	 	Total Area of
 Registered Land (m2)	 	Value of Interest (TWD) 	 
	 	 	 	 	 	 	 	 	 
	Yu Chien-Yang	 	1075, 1076, 1080, 1083, 1090	 	21,334.99 m2	 	TWD $	38,723,007	 
	 	 	 	 	 	 	 	 	 
	Da Chuang Business Management Consulting Co., Ltd.	 	1043, 1044-1, 1044-4, 1083-1, 1083-2, 1084, 1088-1	 	7,997.71 m2	 	TWD $	14,515,844	 
	 	 	 	 	 	 	 	 	 
	 	 	Total:	 	29,332.7 m2	 	TWD $	53,238,851	 

 

 

    	 

    	 

    

 

Exhibit B

 

GREEN FOREST MANAGEMENT CONSULTING INC.

 

PROMISSORY NOTE

 

TWD $53,238,851

 

Dated: ________________, 2013

 

For value received, and pursuant to the Land Sale and Purchase
Agreement dated __________, 2013, Green Forest Management Consulting Inc. promises to pay the sellers of land in Xinpi Township,
Pingtung County 925, Taiwan (R.O.C.), Yu Chien-Yang and Da Chuang Business Management Consulting Co., Ltd. (together, the “Xinpi
Land Sellers”) the sum of Fifty Three Million Two Hundred Thirty Eight Thousand Eight Hundred Fifty One New Taiwan Dollars
(TWD $53,238,851). Each of the Xinpi Land Sellers’ ownership interests in this Promissory Note is detailed on Annex A
to this Promissory Note.

 

The sum shall be repaid to the Xinpi Land Sellers on or before
___________, 2013 according to the instructions of the Xinpi Land Sellers.

 

	 	Green Forest Management Consulting Inc.
	 	 	 
	 	By:  	 
	 	 	Chiang Yu-Chang
	 	 	Chairman of the Board
	 	 	Green Forest Management Consulting Inc. 
	 	 	Rm. B302C, 3F.-2, No. 185, Kewang Rd.
	 	 	Longtan Township, Taoyuan County 325
	 	 	Taiwan (R.O.C.)

 

    	 

    	 

    

 

Annex A

 

PROMISSORY NOTE HOLDERS

 

	Note Holder	 	Land Lot #	 	Total Area of
 Registered Land (m2)	 	Value of Interest (TWD) 	 
	 	 	 	 	 	 	 	 	 
	Yu Chien-Yang	 	1075, 1076, 1080, 1083, 1090	 	21,334.99 m2	 	TWD $	38,723,007	 
	 	 	 	 	 	 	 	 	 
	Da Chuang Business Management Consulting Co., Ltd.	 	1043, 1044-1, 1044-4, 1083-1, 1083-2, 1084, 1088-1	 	7,997.71 m2	 	TWD $	14,515,844	 
	 	 	 	 	 	 	 	 	 
	 	 	Total:	 	29,332.7 m2	 	TWD $	53,238,851CANCELLATION OF PROMISSORY NOTE

 

This Cancellation of Promissory Note (“Cancellation
Agreement”) is entered into this 29th day of October, 2013, by and among San Lotus Holding Inc. (“SLH”), Green
Forest Management Consulting Inc. (“Green Forest”), and Yu Chien-Yang, and Da Chuang Business Management Consulting
Co., Ltd. (together the “Xinpi Land Sellers”).

 

RECITALS

 

		A.	WHEREAS, SLH assumed a certain Promissory Note dated October 29, 2013 and originally held by Green Forest in the
                                                                original principal amount of Fifty Three Million Two Hundred Thirty Eight Thousand Eight Hundred Fifty One New Taiwan Dollars
                                                                (TWD $53,238,851), in favor of the Xinpi Land Sellers (the “Note”);

 

		B.	WHEREAS, the Xinpi Land Sellers used the funds owed under the Note to subscribe to shares of SLH common stock;

 

		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.

 

AGREEMENT

 

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

 

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

 

	San Lotus Holding Inc.	 	 	 
	 	 	 	 
	By:  	/s/ Chen Li
    Hsing	 	 	/s/ Yu Chien-Yang
	 	Chen Li Hsing	 	 	Yu Chien-Yang
	 	Chairman of the Board	 	 	 
	 	 	 
	Green Forest Management Consulting Inc.	 	Da Chuang Business Management Consulting Co., Ltd.
	 	 	 
	By: 	/s/ Chiang Yu-Chang	 	By: 	/s/ Chen Kuan-Yu
	 	Chiang Yu-Chang	 	 	Chen Kuan-Yu
	 	Chairman of the Board 	 	 	Chairman of the BoardREGULATION
S

STOCK PURCHASE AGREEMENT

 

This Regulation S Stock
Purchase Agreement (the “Agreement”), is dated as of October 29, 2013 between San Lotus Holding Inc., a Nevada corporation
having offices at 3F-B302D, 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”).

 

ARTICLE I

PURCHASE, SALE AND TERMS OF SHARES

 

1.1 The Shares. The Company agrees
to issue and sell to Purchasers in an offshore transaction negotiated outside the U.S. and to be consummated and closed outside
the U.S. 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 $1,482,081.30 US dollars or 14,820,813 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”). 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 Payment of Purchase Price; Closing.
This transaction will be closed at a location outside the U.S. mutually designated by the Company and the Purchasers and each Purchaser
will pay the applicable purchase price by wire transfer within a reasonable time agreed to by the Company and the Purchaser following
execution of this Agreement. The Company will, within a reasonable period of time upon receipt of the funds, cause the Share certificates
to be delivered to each Purchaser.

 

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) Access to Information. Each
Purchaser, in making the decision to purchase the Shares, has relied solely upon independent investigations made by it and/or its
representatives, if any. Each Purchaser and/or its representatives during the course of this transaction, and prior to 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.

 

(b) Sophistication and Knowledge.
Each Purchaser 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 Purchaser is not relying on the Company
with respect to the tax and other economic considerations of an investment in the Shares, and each Purchaser has relied on the
advice of, or has consulted with, only each Purchaser's own advisor(s).

 

(c) Lack of Liquidity. Each Purchaser
acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic
risk of the purchase of the Shares, including the total loss of its investment. Each Purchaser has no present need for liquidity
in connection with its purchase of the Shares.

 

(d) No Public Solicitation. Each Purchaser
is not subscribing for the Shares as a result of or subsequent to any advertisement, article, notice or other communication published
in any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or
any solicitation of a subscription by a person not previously known to each Purchaser in connection with investments in securities
generally. Neither the Company nor each Purchaser has engaged in any ‘Directed Selling Efforts in the U.S.,’ as defined
in Regulation S promulgated by the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended.

 

    	 

    	 

    

 

 

(e) Authority. Each Purchaser 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 Purchaser’s valid and legally binding obligation, enforceable in accordance with its terms. Each Purchaser
is authorized and otherwise duly qualified to purchase and hold the Shares and to enter into this Agreement.

 

(f) Regulation S Exemption. Each Purchaser
understands that the Shares are being offered and sold to it in reliance on an exemption from the registration requirements of
the United States federal and state securities laws under Regulation S promulgated under the Securities Act of 1933, as amended,
(the “Securities Act”) and that the Company is relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of each Purchaser set forth herein in order to determine the applicability of such
exemptions and the suitability of each Purchaser to acquire the Shares. In this regard, each Purchaser represents, warrants and
agrees that:

 

(1) No Purchaser is a U.S. Person (as defined
below). A U.S. Person means any one of the following:

 

		(i)	any U.S. Citizen;

		(ii)	any natural person resident in the United States of America;

		(iii)	any partnership or corporation organized or incorporated
under the laws of the United States of America;

		(iv)	any estate of which any executor or administrator is
a U.S. person; (v) any trust of which any trustee is a U.S. person;

		(vi)	any agency or branch of a foreign entity located in the
United States of America;

		(vii)	any non-discretionary account or similar account (other
than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;

		(viii)	any discretionary account or similar account (other than
an estate or trust) held by a dealer or other fiduciary organized, incorporated or (if an individual) resident in the United States
of America; and

		(ix)	any partnership or corporation if:

 

		a.	organized or incorporated under the laws of any foreign jurisdiction; and

 

		b.	formed by a U.S. Person principally for the purpose of
investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited
investors (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts.

 

(2) At the time of the origination of contact
concerning this Agreement and the date of the execution and delivery of this Agreement, each Purchaser was outside of the United
States.

 

(3) Each Purchaser will not, during the period
commencing on the date of issuance of the Shares and ending on the first anniversary of such date, or such shorter period as may
be permitted by Regulation S or other applicable securities law (“Restricted Period”), offer, sell, pledge or otherwise
transfer the Shares in the United States, or to a U.S. Person for the account or benefit of a U.S. Person, or otherwise in a manner
that is not in compliance with Regulation S.

 

(4) Each Purchaser will, after expiration
of the Restricted Period, offer, sell, pledge or otherwise transfer the Shares only pursuant to registration under the Securities
Act or an available exemption therefrom and, in accordance with all applicable state and foreign securities laws.

 

(5) Each Purchaser has not in the United
States, engaged in, and prior to the expiration of the Restricted Period will not engage in, any short selling of or any hedging
transaction with respect to the Shares, including without limitation, any put, call or other option transaction, option writing
or equity swap.

 

(6) No Purchaser nor any person acting on
a Purchaser’s behalf has engaged, nor will engage, in any directed selling efforts to U.S. Citizens with respect to the Shares
and each Purchaser and any person acting on its behalf have complied and will comply with the “offering restrictions”
requirements of Regulation S under the Securities Act.

 

    	 

    	 

    

 

(7) The transactions contemplated by this
Agreement have not been pre-arranged with a buyer located in the United States or with a U.S. Person, and are not part of a plan
or scheme to evade the registration requirements of the Securities Act.

 

(8) Neither any Purchaser nor any person
acting on the Purchaser’s behalf has undertaken or carried out any activity for the purpose of, or that could reasonably
be expected to have the effect of, conditioning the market in the United States, its territories or possessions, for any of the
Shares. Each Purchaser agrees not to cause any advertisement of the Shares to be published in any newspaper or periodical or posted
in any public place and not to issue any circular relating to the Shares, except such advertisements that include the statements
required by Regulation S under the Securities Act, and only offshore and not in the U.S. or its territories, and only in compliance
with any local applicable securities laws.

 

(9) Each certificate representing the Shares shall be endorsed
with the following legends:

 

“THE SHARES ARE BEING OFFERED
TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE SECURITIES
ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT IN RELIANCE
UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT.”

 

“TRANSFER OF THESE SHARES
IS PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR
PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
ACT.”

 

as well as any other legend required to be placed thereon by
applicable federal or state securities laws.

 

(10) Each 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.

 

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 the provisions of Regulation S, 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 Prior Agreements. The Transaction
Documents executed and delivered in connection herewith 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.

 

4.8 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.

 

4.9 Governing Law; Jurisdiction.

 

(a) This Agreement shall be enforced, governed
and construed in accordance with the laws of the State of New Jersey 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 New Jersey 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.

 

4.10 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.

 

4.11 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.

 

    	 

    	 

    

 

4.12 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/ Li Hsing Chen	 
	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.)
	 	 	 
	PURCHASERS:
	 
	Da Chuang Business Management Consultant Co., Ltd
	 	 	 
	By:	/s/ Kuan Yu Chen	 
	Name: Chen, Kuan-Yu	 
	Title: Chairman of the Board	 
	Address: 3F., No.132, Gongyi Rd., West Dist., Taichung City 403, Taiwan (R.O.C.) 

ID No.:
	Shares Purchased: 709,268	 
	 	 
	By:	/s/ Chang Lin	 
	Name: Lin Chang	 
	Title:	 
	Address: No.6, Wangcuo Ln., Pingtung City, Pingtung County 900, Taiwan (R.O.C.)
	ID No.: 307875916	 
	Shares Purchased: 2,864,352	 
	 	 
	Ping East Ltd	 
	 	 	 
	By:	/s/ Chien Yang Yu	 
	Name: Yu, Chien Yang	 
	Title: Chairman of the Board	 
	Address: Rm. B302C, 3F., No.185, Kewang Rd., Longtan Township, Taoyuan County 325, Taiwan (R.O.C.)
	ID No.:	 
	Shares Purchased: 731,876	 
	 	 
	By:	/s/ Chen Chieh Liao	 
	Name: Liao, Chen-Chieh	 
	Title:	 
	Address: No.16, Meilong 1st St., Longtan Township, Taoyuan County 325, Taiwan (R.O.C.)
	ID No.: 300377339	 
	Shares Purchased: 681,989	 

 

    	 

    	 

    

 

	Wei Chi Ltd
	 	 	 
	By: 	/s/ Kuo Chen Wu	 
	Name: Wu, Kuo Chen
	Title: Chairman of the Board	 
	Address: No.322, Daming Rd., Dali Dist., Taichung City 412, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 3,666,661
	 
	Uhao Ltd
	 	 	 
	By:	/s/ Tai Ming Yang	 
	Name: Yang, Tai Ming	 
	Title: Chairman of the Board	 
	Address: No.55, Gongxiao St., Changhua City, Changhua County 500, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 2,666,667
	 	 
	By:	/s/ Ming Chu Chen	 
	Name: Chen, Ming-Chu	 
	Title:	 
	Address: No.6, Ln. 24, Dalian N. St., Beitun Dist., Taichung City 406, Taiwan (R.O.C.)
	ID No.: 211585855
	Shares Purchased: 166,667
	 	 
	Joyful Wealth Co., Ltd	 
	 	 	 
	By:	/s/ Wen Ching Lai	 
	Name: Lai, Wen Ching	 
	Title: Chairman of the Board
	Address: No.53, Ln. 352, Gongyuan Rd., Wuri Dist., Taichung City 414, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 2,341,668
	 	 
	Wang Yi Ltd	 
	 	 	 
	By:	/s/ Jui Lin Lai	 
	Name: Lai, Jui Lin	 
	Title: Chairman of the Board	 
	Address: No.81, Ln. 682, Sec. 1, Xinan Rd., Wuri Dist., Taichung City 414, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 566,666
	Zhao Li Ltd
	 	 	 
	By: 	/s/ Yuan Tsang Lin	 
	Name: Lin, Yuan Tsang	 
	Title: Chairman of the Board	 
	Address: No.185, Fuguang 6th Ln., Wuguang Rd., Wuri Dist., Taichung City 414, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 283,333

 

    	 

    	 

    

 

	By: 	/s/ Feng Mei Chang	 
	Name: Chang, Feng-Mei	 
	Title:	 
	Address: 5F., No.66-2, Gongxue Rd., South Dist., Taichung City 402, Taiwan (R.O.C.)
	ID No.:
	Shares Purchased: 141,666

 

    	 

    	 

    

 

Schedule A

 

PURCHASER LIST

 

	Purchaser	 	Amount of Shares	 	 	Purchase Amount (TWD)	 	 	Purchase Amount (USD)	 
	 	 	 	 	 	 	 	 	 	 
	Da Chuang Business Management Consultant Co., Ltd	 	 	709,268	 	 	 	2,080,000	 	 	 	70,926.80	 
	Lin,Chang	 	 	2,864,352	 	 	 	8,400,000	 	 	 	286,435.20	 
	Ping East Ltd.	 	 	731,876	 	 	 	2,146,300	 	 	 	73,187.60	 
	Liao, Chen-Chieh	 	 	681,989	 	 	 	2,000,000	 	 	 	68,198.90	 
	Wei Chi Ltd.	 	 	3,666,661	 	 	 	10,752,850	 	 	 	366,666.10	 
	Uhao Ltd.	 	 	2,666,667	 	 	 	7,820,268	 	 	 	266,666.70	 
	Chen, Ming-Chu	 	 	166,667	 	 	 	488,768	 	 	 	16,666.70	 
	Joyful Wealth Co., Ltd.	 	 	2,341,668	 	 	 	6,867,176	 	 	 	234,166.80	 
	Wang Yi Ltd.	 	 	566,666	 	 	 	1,661,805	 	 	 	56,666.60	 
	Zhao Li Ltd.	 	 	283,333	 	 	 	830,902	 	 	 	28,333.30	 
	Chang, Feng-Mei	 	 	141,666	 	 	 	415,450	 	 	 	14,166.60	 
	Total	 	 	14,820,813	 	 	 	43,463,519	 	 	 	1,482,081.30

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]