Stone Dragon Press
Sample Promissory Note

Date: _______________

Principal amount $_____________

FOR VALUE RECEIVED, Stone Dragon Press hereby jointly and severally promises to pay to the order of

together with interest thereon at the rate of 3.5 % per annum on the unpaid balance. Said sum shall be paid as follows:

1. This note shall be due two (2) years after the date above.
2. No interest shall accrue until one (1) year after the date above.
3. All payments shall be first applied to interest and the balance to principal. This note may be prepaid, at any time, in whole or in part, without penalty.
4. Any holder of this note may declare it immediately due and payable when any of the following occurs:
1. Failure to make any payment due hereunder within ninety (90) days of its due date.
2. Breach of any condition of any security interest, mortgage, loan agreement, pledge agreement or guarantee granted as collateral security for this note.
3. Breach of any condition of any loan agreement, security agreement or mortgage, if any, having a priority over any loan agreement, security agreement or mortgage on collateral granted, in whole or in part, as collateral security for this note.
4. Upon the death, incapacity, dissolution or liquidation of any of the undersigned, or any endorser, guarantor to surety hereto.
5. Upon the filing by any of the undersigned of an assignment for the benefit of creditors, bankruptcy or other form of insolvency, or by suffering an involuntary petition in bankruptcy or receivership not vacated within thirty (30) days.
5. Payments not made within thirty (30) days of due date shall be subject to a late charge of 10 % of the total amount due.
6. All payments shall be made to the holder at the address designated by the holder.
7. The undersigned and all other parties to this note, whether as endorsers, guarantors or sureties, agree
1. to remain fully bound until this note shall be fully paid and waive demand, presentment and protest and all notices
2. to remain bound, notwithstanding any
1. extension, modification, waiver, or other indulgence or discharge or release of any obligor hereunder
2. exchange, substitution, or release of any collateral granted as security for this note.
8. No modification or indulgence by any holder of this note shall be binding unless in writing.
1. Any indulgence on any one occasion shall not be an indulgence for any other or future occasion.
2. Any modification or change in the terms of this note granted by the holder shall be valid and binding upon each of the undersigned.
9. The rights of any holder of this note shall be cumulative and not necessarily successive.
10. This note shall take effect as a sealed instrument and shall be construed, governed and enforced in accordance with the laws of the State of Minnesota.

Please complete the above form
and send it to:

Stone Dragon Press 3418 Morgan Ave N. Minneapolis, MN USA 55412-2336 Phone: 612-521-5915 E-Mail:

Make check or money order payable to
"Stone Dragon Press"
Please do not send cash