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 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. |
| 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) |