Promissory Note

Promissory Note

by Grote Molen Inc
August 14th, 2013
Exhibit 10.2


$7,000.00
April 12, 2013


As hereinafter agreed, Grote Molen, Inc., jointly and severally, promises to pay to the order of McKinley Capital, Seven Thousand Dollars ($7,000.00).  And it is hereby agreed that the said amount ($7,000.00) shall be payable upon demand.  Interest shall accrue at a rate of eight percent (8%) per annum and will be charged on the unpaid balance until the whole amount of the principal and interest is paid.  There shall be no penalty for early payment of this note.

Should default be made in the payment of the demand note then the whole unpaid amount shall become immediately due and payable, and in the event default is made and said note is placed in the hands of an attorney for collection or suit is brought on the same, then the undersigned agrees to pay all costs and attorney's fees that might be incurred.  If there is a lawsuit, borrower agrees upon lender's request to submit to the jurisdiction of the county of Bannock County, the State of Idaho.  This note shall be governed by and construed in accordance with the laws of the state of Idaho.

 
 
 
UNDERSIGNED:
   
   
 
/s/ John B. Hofman
   
 
John B. Hofman, President
 
Grote Molen, Inc