Promissory Note - Green Mountain Coffee Roasters Inc. and Robert P. Stiller
PROMISSORY NOTE
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$230,000 April 12, 2000
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The undersigned, Robert P. Stiller ("Payor"), promises to pay to Green
Mountain Coffee Roasters, Inc. ("Payee") or order, the principal sum of
Two Hundred and Thirty Thousand dollars ($230,000) with interest accruing
on the unpaid principal balance at a rate equal to the highest prime rate
as reported by THE WALL STREET JOURNAL. The interest rate shall be adjusted
as of the day following any change in the prime rate reported by THE WALL
STREET JOURNAL. Interest shall be payable upon repayment of this note.
The entire principal balance and accrued interest shall be due and payable
on April 12, 2001.
Such payment shall be made at Payee's principal place of business at 33
Coffee Lane, Waterbury, Vermont 05676 or at such other place as the holder
hereof may designate in writing, such payments and any other sum due
hereunder to be made in lawful money of the United States of America.
This Note may be prepaid without penalty.
In the case of default, the Payor agrees to pay the reasonable cost of
collection, including reasonable attorney's fees.
Every maker, guarantor and endorser waives presentment, demand, protest,
and notice.
Witness Payor
/s/ Robert D. Britt /s/ Robert P. Stiller
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Robert D. Britt Robert P. Stiller