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PROMISSORY NOTE

Prepared October 23, 2026 · Ontario, Canada

RECITALS

WHEREAS the undersigned desires to set out in writing the matters described below;

WHEREAS this document has been prepared with reference to the laws of Ontario, Canada;

NOW, THEREFORE, the following provisions shall apply:

October 23, 2026

In plain language: Example Café Partnership borrows $10,000 from Jordan Miller and promises to pay it back with interest under the terms below. If the Borrower misses payments, the Lender can demand the full balance and pursue legal remedies.

ARTICLE 1 — THE PARTIES

Lender: Jordan Miller

Borrower: Example Café Partnership

FOR VALUE RECEIVED, the Borrower promises to pay the Lender as follows:

ARTICLE 2 — PRINCIPAL AND INTEREST

(a) Principal: $10,000 (the "Principal"), advanced on 2026-11-01 (the "Start Date").

(b) Interest accrues on the outstanding Principal at 5% per annum, calculated monthly and not in advance.

ARTICLE 3 — TERM

The term of this note runs from the Start Date to the Maturity Date of 2027-10-31.

ARTICLE 4 — REPAYMENT

The Borrower will repay the Principal in equal monthly instalments of principal and interest, with the first instalment due one (1) month after the Start Date and the remaining balance, if any, due in full on the Maturity Date (2027-10-31). Each instalment is due on the same calendar day each month.

ARTICLE 5 — LATE FEE

If any payment is more than fifteen (15) days overdue, the Borrower will pay a late fee of $25 per late payment in addition to the overdue amount. The late fee does not waive the Lender's other remedies.

ARTICLE 6 — PURPOSE

The loan is made for the following purpose: Purchase of café equipment.

ARTICLE 7 — DEFAULT AND REMEDIES

The Borrower is in default if any payment is more than thirty (30) days overdue or the Borrower becomes insolvent. On default, the Lender may declare the entire outstanding Principal plus accrued interest immediately due and payable, and may pursue any legal remedy. The Borrower will pay the Lender's reasonable costs of collection, including legal fees.

ARTICLE 8 — PREPAYMENT

The Borrower may prepay any part of the Principal at any time without penalty; prepaid amounts reduce the outstanding Principal and interest accrues only on what remains.

ARTICLE 9 — GOVERNING LAW

This note is governed by the laws of Ontario and the federal laws of Canada applicable there. The parties submit to the courts of Ontario for any dispute under this note.

ARTICLE 10 — GENERAL

This document is the entire agreement between the parties about this loan and may be signed in counterparts (including electronic copies).

SIGNATURES

Lender: ___________________________ Date: _______________

Jordan Miller

Borrower: ___________________________ Date: _______________

Example Café Partnership

IMPORTANT: This is a template, not legal advice. Interest-rate limits, consumer-protection rules and registration requirements vary by province and by loan type. Have this note reviewed by a licensed lawyer in Ontario before signing.

IN WITNESS WHEREOF, the undersigned has duly executed this document as of the date first written above.

Executed by:

Signature: ___________________________ Date: _______________

Printed name:

WITNESS

Signature: ___________________________ Date: _______________

Printed name:

This document is a self-help template and does not constitute legal advice. Independent legal advice from a licensed lawyer in Ontario is recommended before reliance.

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