Where can I find a specimen copy of the Coffee News Promissory Note?

According to the 2025 Coffee News FDD, a sample Promissory Note is included as Schedule B to the Coffee News License Agreement. This note is a financial instrument that outlines the terms and conditions under which Coffee News may finance additional franchise territory purchases for franchisees after one year of their initial agreement.

The Promissory Note is significant because it details the obligations of both the franchisee (Debtor) and Coffee News (Holder) regarding the loan. It specifies that the licensed rights to the franchise territory serve as security for the payment outlined in the note. If the franchisee fails to meet the payment terms or breaches any agreement, Coffee News has the right to realize the security, potentially selling the franchise to recover the debt.

Schedule B also contains important legal provisions, including stipulations regarding collection costs, governing law (the State of Maine), and conditions for excused nonperformance. It also confirms that the franchisee acknowledges receipt of the filled-in Schedule B, the Promissory Note, and the Guaranty of Performance (Exhibit A), indicating they have read and understood the documents and have been offered the opportunity to seek legal counsel.