Loan AgreementLoan Agreement • September 14th, 2017 • Imperial Garden & Resort, Inc. • Services-miscellaneous amusement & recreation
Whereas, on May 26, 2017, the parties reached an agreement on the primary terms of the loan and executed the said loan agreement (the “Mengxin Loan Agreement”) on the date stated on the signature page (the “Execution Date”), which are set forth below:
Settlement AgreementSettlement Agreement • September 14th, 2017 • Imperial Garden & Resort, Inc. • Services-miscellaneous amusement & recreation
During the period of 1992 and 1993, Party B delegated authorities to Geng-Meng Lin, the then Vice Chairman of Party B, to seek funds on behalf of Party B to mitigate Party B’s working capital shortage. Party B planned to use as collateral for the new loans, the land of 222.6313 hectares (approximately 550 acres) consisting of an aggregate of 268 parcels of land located in No. 64, Da Tao Ping District, Zao Qiao Township, Miao Su County and No. 19, Lao Tian Liao District, Tou Wu Township. Geng-Meng Lin signed the loan agreement (the “Loan Agreement”) with Party A on June 25, 1993, pursuant to which Party A agreed to provide a line of credit in the maximum amount of five hundred million New Taiwanese Dollars (approximately $26.5 million) to Party B with a lien and the unlimited Surface Rights on the Royal Golf Course and the nearby land in an aggregate of approximately 210 hectares owned by Party B. Party A lent an aggregate amount of four hundred million New Taiwan Dollars to Geng-Meng L
CONVERSION AGREEMENTConversion Agreement • September 14th, 2017 • Imperial Garden & Resort, Inc. • Services-miscellaneous amusement & recreation
This Conversion Agreement (the “Agreement”), is made and entered into on August 1, 2017 (the “Effective Date”), by and among Imperial Garden & Resort, Inc., a British Virgin Islands company (the “Company”), Fun-Ming Lo (the “Creditor”) and Yao-Teh International Recreation Co., Ltd. (“Yao-Teh”), one of the Company’s subsidiaries. The Creditor, Yao-Teh and the Company are sometimes hereinafter collectively referred to as the “Parties” and each as a “Party”.
