Exhibit 4.1
-----------
PROMISSORY NOTE
UNSECURED DEMAND
$ 20,000.00 October 30, 1996
------------ ----------------
For value received, Sono-Tek Corporation (the "Borrower"), hereby promises to
pay to the order of Xxxxx X. Xxxxx (the "Lender") Twenty thousand dollars ON
DEMAND.
The Borrower agrees to pay interest from the date hereof on the unpaid balance
of this note, at a rate per annum equal to 10.25%. Interest shall be calculated
on the basis of a 360 day year.
The Borrower agrees to pay all costs and expenses, such as wire transfer fees,
bank fees or broker charges, incurred by Xxxxxx to effect this loan.
Borrower: Sono-Tek Corporation
2012 Rt. 9W Bldg. 3
Milton, NY 12547
Signature /s/ Xxxxxx X. Xxxxxx President
--------------------
Xxxxxx X. Xxxxxx
Signature /s/ X. Xxxxxx Xxxxxxxx Controller & Treasurer
----------------------
X. Xxxxxx Xxxxxxxx
