ContractSecured Promissory Note Agreement • May 5th, 2020 • New York
Contract Type FiledMay 5th, 2020 Jurisdiction<DOCUMENT> <TYPE>EX-10.2 <SEQUENCE>3 <FILENAME>v023434_ex10-2.txt <TEXT> Exhibit 10.2 KIWA BIO-TECH PRODUCTS GROUP CORP. (OTC BB:KWBT.OB) AND GERTRUDE YIP SECURED PROMISSORY NOTE AGREEMENT MAY 2005 <PAGE> This Agreement is dated on May 30, 2005 Between:- (1) KIWA BIO-TECH PRODUCTS GROUP CORPORATION, a company incorporated under the laws of the State of Delaware in the United States of America whose registered office is at 17700 Castleton Street, Suite 589, City of Industry, CA 91748, USA (the "Borrower"); and (2) Gertrude Yip, a US citizen, whose residential address is at 46 Bank Street, New Canaan, CT 06840 USA. (the "Lender"). WHEREAS:- The Lender has agreed to advance to the Borrower the sum to US$70,000 on the terms hereinafter stated. IT IS AGREED as follows:- 1 INTERPRETATION In this Agreement, except to the extent the context otherwise requires, terms defined and references construed in Schedule 1 shall have the meaning and construction given to them in that Schedule. 2 AMOUNT O