EXECUTION
COPY
UNSECURED
PROMISSORY NOTE
In consideration of the purchase of a ninety-nine shares of Sylphar
N.V., a company incorporated and existing under the laws of
Belgium, by Remedent, Inc., a Nevada corporation (the
“Maker”) from Remedent N.V., a company incorporating
and existing under the laws of Belgium and a wholly owned
subsidiary of the Maker (the “Holder”), pursuant to
that certain Share Purchase Agreement by and between the Holder and
Maker dated of even date hereto, the Maker hereby promises to pay
to the Holder, the principal sum of One Million One Hundred
Sixty Euros (€1,000,160).
1. The Principal
Amount . The principal amount of this Note is One Million One
Hundred Sixty Euros (€1,000,160), and shall be referred to
herein as the “Principal Amount.”
2. Repayment . The
entire unpaid balance of the Principal Amount shall be due and
payable within thirty (30) business days of Maker’s receipt
of funds in the amount equal to the principal amount set forth
above in Section 1 from Concordia Fund B.V.
3. Prepayments .
The Maker may prepay this Note in whole or in part at any time
without penalty.
4. Waivers .
The Maker shall waive presentment by the Holder for payment,
demand, notice of dishonor and nonpayment of this Note, and consent
to any and all extensions of time, renewals, waivers or
modifications that may be granted by the Holder with respect to the
payment or other provisions of this Note,
