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PROMISSORX NOTE <br />$60,000.00 <br />January 4, 2008 <br />Cuyahoga County, Ohio <br />For value received, I, MAYFIELD VILLAGE, OHIO, of 6622 Wilson Mills <br />Road, Mayfield Village, Cuyahoga County, State of Ohio, promise to pay to the order of <br />RACHEL KANN, TRUSTEE of the Rachel Kann Trust dated October 4, 1994, having <br />an address of 25016 Wimbledon Road, Beachwood, Ohio 44122, Cuyahoga County, the <br />sum of Sixty Thousand Dollars ($60,000.00), with interest from the date of the <br />Promissory Note at the rate of five percent (5 %) per annum. This amount shall be due <br />and payable in accordance with the Purchase Agreement executed between the parties <br />and the schedule attached hereto and incorporated herein as Schedule "A". <br />If I do not make this payment when it is due, I will be in default. I must <br />immediately pay the entire balance due. <br />Mayfield Village, Ohio <br />By: <br />Bruce G. Rinker, Mayor <br />By: <br />William Buckholtz, President of Council <br />STATE OF OHIO ) <br />ss. <br />COUNTY OF ) <br />BEFORE ME, a Notary Public, in and for said County and State, personally <br />appeared the above-named BRUCE G. RINKER AND WILLIAM BUCKHOLTZ, who <br />acknowledged that she did sign the foregoing Promissory Note and that the same is her <br />free act and deed. <br />In testimony whereof, I have hereunto set my hand and official seal at <br />,Ohio this day of , 2007. <br />NOTARY PUBLIC <br />J:~2007QvIa~eld Village~ICann~PROMISSORY NOTE.doc <br />