Po Yuen Cultural Holdings (Hong Kong) Co., Ltd. Watch

from S-1/A 1 page The Borrower Shall Pay All Reasonable Costs, Fees and Expenses (Including Court Costs and Reasonable Attorneys' Fees) Incurred by the Lender in Collecting or Attempting to Collect Any Amount That Becomes Due Hereunder or in Seeking Legal Advice With Respect to Such Collection or a Default Hereunder. This Note May Be Prepaid at Any Time Without Penalty. the Borrower, and Every Guarantor and Endorser Hereof, Hereby Waive Presentment, Demand, Notice of Dishonor, Protest and All Other Demands and Notices in Connection With the Delivery, Acceptance, Performance and Enforcement of This Note. This Note Shall Be Governed by and Construed in Accordance With the Laws of the State of Nevada, Without Reference to Conflict of Laws Principles. the Borrower Hereby Waives Trial by Jury in Any Litigation in Any Court With Respect to This Note or the Enforcement or Collection Hereof. in Witness Whereof, the Borrower Has Caused This Note to Be Executed by Its Duly Authorized Representative as of the Day and Year First Above Written

from S-1/A 1 page The Borrower Shall Pay All Reasonable Costs, Fees and Expenses (Including Court Costs and Reasonable Attorneys' Fees) Incurred by the Lender in Collecting or Attempting to Collect Any Amount That Becomes Due Hereunder or in Seeking Legal Advice With Respect to Such Collection or a Default Hereunder. This Note May Be Prepaid at Any Time Without Penalty. the Borrower, and Every Guarantor and Endorser Hereof, Hereby Waive Presentment, Demand, Notice of Dishonor, Protest and All Other Demands and Notices in Connection With the Delivery, Acceptance, Performance and Enforcement of This Note. This Note Shall Be Governed by and Construed in Accordance With the Laws of the State of Nevada, Without Reference to Conflict of Laws Principles. the Borrower Hereby Waives Trial by Jury in Any Litigation in Any Court With Respect to This Note or the Enforcement or Collection Hereof. in Witness Whereof, the Borrower Has Caused This Note to Be Executed by Its Duly Authorized Representative as of the Day and Year First Above Written

from S-1/A 1 page The Borrower Shall Pay All Reasonable Costs, Fees and Expenses (Including Court Costs and Reasonable Attorneys' Fees) Incurred by the Lender in Collecting or Attempting to Collect Any Amount That Becomes Due Hereunder or in Seeking Legal Advice With Respect to Such Collection or a Default Hereunder. This Note May Be Prepaid at Any Time Without Penalty. the Borrower, and Every Guarantor and Endorser Hereof, Hereby Waive Presentment, Demand, Notice of Dishonor, Protest and All Other Demands and Notices in Connection With the Delivery, Acceptance, Performance and Enforcement of This Note. This Note Shall Be Governed by and Construed in Accordance With the Laws of the State of Nevada, Without Reference to Conflict of Laws Principles. the Borrower Hereby Waives Trial by Jury in Any Litigation in Any Court With Respect to This Note or the Enforcement or Collection Hereof. in Witness Whereof, the Borrower Has Caused This Note to Be Executed by Its Duly Authorized Representative as of the Day and Year First Above Written

from S-1 1 page The Borrower Shall Pay All Reasonable Costs, Fees and Expenses (Including Court Costs and Reasonable Attorneys' Fees) Incurred by the Lender in Collecting or Attempting to Collect Any Amount That Becomes Due Hereunder or in Seeking Legal Advice With Respect to Such Collection or a Default Hereunder. This Note May Be Prepaid at Any Time Without Penalty. the Borrower, and Every Guarantor and Endorser Hereof, Hereby Waive Presentment, Demand, Notice of Dishonor, Protest and All Other Demands and Notices in Connection With the Delivery, Acceptance, Performance and Enforcement of This Note. This Note Shall Be Governed by and Construed in Accordance With the Laws of the State of Nevada, Without Reference to Conflict of Laws Principles. the Borrower Hereby Waives Trial by Jury in Any Litigation in Any Court With Respect to This Note or the Enforcement or Collection Hereof. in Witness Whereof, the Borrower Has Caused This Note to Be Executed by Its Duly Authorized Representative as of the Day and Year First Above Written